Designed to help you save money for a wide range of goals — not just retirement

You get competitive interest rates and there is no need to keep a minimum balance.

Contributions are not tax-deductible, but all the interest and income earned is tax-free. Any money you withdraw is tax-free too.

Unlike a Registered Retirement Savings Plan, you don’t need to close your account when you reach a certain age.

If saving for retirement is what you are looking to do, then an RRSP may also be appropriate for your needs.

  • Get competitive interest rates without having to keep a minimum balance
  • Earn interest on every hard-earned dollar without paying any tax 
  • There’s no monthly fees, fixed terms or minimum deposits to open your account
  • Save for specific long- and short-term goals and grow your money

Ready to open a TFSA?

If you’re already a Simplii client, then just sign on to online banking and apply now. If you’re new to us, then open a No Fee Chequing Account, High Interest Savings Account or Cash Back Visa* Card before applying for a TFSA.
Join Simplii today!

0.40%

Interest is calculated on the daily closing balance and is paid into your account monthly.
Rates subject to change.


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