TFSA Savings Account

Earn more with high interest that’s tax-free, and skip the hassle of paying fees.

Get started

Woman with pink phone and coffee getting high tax-free earnings on the go

Need a crash course in
maximizing earnings?

Save on taxes with a TFSA. Add high interest. Pay zero fees. Voilà!
That’s how you ace your investments.

Smart features

Who doesn’t love guarantees?
Get a TFSA GIC

Why not guarantee your interest, tax-free? Choose from our flexible GIC options to grow your money at a guaranteed rate—and pay no taxes on the interest. And what’s more? You can buy one in seconds. Explore our great rates and range of term options here.

Screenshot showing TFSA interface

Who doesn’t love guarantees?
Get a TFSA GIC

Why not guarantee your interest, tax-free? Choose from our flexible GIC options to grow your money at a guaranteed rate—and pay no taxes on the interest. And what’s more? You can buy one in seconds. Explore our great rates and range of term options here.

Screenshot showing TFSA interface

Know your limits

  • All Canadians aged 18 and over can contribute up to $6,0001 annually, as a combined total of TFSAs held at all institutions.
  • If you've never contributed to a TFSA, and you were eligible to contribute since they were introduced in 2009, you can contribute a total of up to $75,500, which means all of your unused contributions since 2009 carry over.
  • Watch those contributions! If you over-contribute, you’ll be penalized 1% on the excess every month, until you withdraw it.
  • If you want to replace money you’ve withdrawn, you’ll have to wait until the following year to regain the contribution room.

     

Common questions answered

Visit our FAQ for more details about TFSAs.

Sign up in a matter of clicks

Not yet an EQ Bank customer? No problem. Start by opening a Savings Plus Account first (it’s really easy). From there, opening your TFSA is a breeze.

Get started

 

If you’re already an EQ Bank customer, you can open a TFSA right from your web browser or mobile app in a few simple steps.
Sign in

 

Got specific retirement goals? We’ve got an RSP for that.
Learn more

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