Tax-Free Savings Account (TFSA) | TD Canada Trust

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EasyWeb WebBroker U.S. Banking My Accounts My Accounts Logout Online Services EasyWeb WebBroker U.S. Banking Grow your money, tax-free\r\n"}}" id="text-716044541b" class="cmp-text"> Grow your money, tax-free Saving for the future is easy when you speak to a TD Personal Banker

\r\n"}}" id="text-26a7fc4bb6" class="cmp-text"> Saving for the future is easy when you speak to a TD Personal Banker

Book an appointment Tax-Free Savings Account (TFSA)\r\n

\r\nA Tax-Free Savings Account (TFSA) is a registered savings account that lets you grow and withdraw your money tax-free, making it a great option when saving for short and long-term goals. The TFSA was introduced by the Government of Canada in 2009. It was designed to help Canadians that are 18 years or older save money tax-free.

\r\n"}}" id="001" class="cmp-text"> Tax-Free Savings Account (TFSA)

A Tax-Free Savings Account (TFSA) is a registered savings account that lets you grow and withdraw your money tax-free, making it a great option when saving for short and long-term goals. The TFSA was introduced by the Government of Canada in 2009. It was designed to help Canadians that are 18 years or older save money tax-free.

Benefits of TFSAs Tax-free growth and withdrawals

You pay no tax on qualified investment income that you earn in your TFSA and you can withdraw funds from your TFSA without paying tax.

Not just a savings account

Your TFSA can hold a variety of qualified investments, including cash, stocks, guaranteed investment certificates (GICs) and mutual funds.

A flexible way to save

Withdrawing from your TFSA does not mean permanently losing your contribution room. Contribution room accumulates each year, so you can
re-contribute withdrawn contribution amounts in the following year(s).

Comfort and convenience

A TFSA offers you the flexibility to save for various short-term and long-term goals, usually, with easy access to your money depending on the type of investment you hold.

How does a TFSA work?

You can think of a TFSA like a basket, where you can hold qualified Canadian investments that may generate interest, capital gains, and dividends, tax-free.

What products can you hold in a TFSA?

Your TFSA can hold a variety of investment products, including cash (like a savings account), mutual funds, stocks, bonds, and GICs.

How much can I contribute to my TFSA?

The annual TFSA contribution limit for 2026 is $7,000 and you can carry forward unused contribution room from previous years.

Open an account online – it's fast and easy We offer several TFSA investment options based on your investment goals and risk appetite. See which investment account may be right for you.

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We offer several TFSA investment options based on your investment goals and risk appetite. See which investment account may be right for you.

TD Canada Trust TFSA Great for: Investors seeking reliable growth

Gives you the option of investing in GICs while maintaining a High-Interest TFSA Savings Account Access to competitive interest rates to grow your savings tax-free Benefit from predictable returns Open account TD Mutual Funds TFSA Great for: Investors comfortable with some risk

Gives you access to certain mutual funds offered through TD Investment Services Inc. Benefit from professionally managed mutual fund investments Flexible savings options through a Pre-Authorized Purchase Plan Book an appointment TD GICs & Term Deposits Great for: Investors seeking modest returns with no risk

Fully protects your principal, with the option to choose from fixed-rate or Market Growth GICs Access to a variety of GICs with different terms and features Earn a guaranteed rate of interest Book an appointment We can help you plan for the future Personalized investment advice

TD Personal Bankers will work with you to understand your financial goals and help you map a path towards achieving them.

The right options

No matter what type of investor you may be, we’re ready with options to help you succeed.

Convenience

The advice you want, on your terms. Call us Monday to Friday from 8 am – 8 pm to speak to an Investment Specialist in English, French, Mandarin or Cantonese.

TFSA Calculator See how investing in a TFSA can help you achieve your financial goals faster.

TFSA Calculator Calculate now Frequently Asked Questions How do I open a TFSA and make a contribution? \r\nOnce you have your TD EasyWeb access set up, you can open a TD Canada Trust TFSA through TD EasyWeb. You can apply online if you already have a TD Canada Trust chequing or savings account. Once your account is open, you can make regular contributions online.\r\nCall us at 1-800-386-3757 if you want advice. Our Investment Specialists are ready to provide investment advice that aligns with your goals.\r\nYou could also visit a branch near you. We recommend booking an appointment ahead of time.\r\n\r\n"}}" id="text-95e583bfbc" class="cmp-text"> Once you have your TD EasyWeb access set up, you can open a TD Canada Trust TFSA through TD EasyWeb. You can apply online if you already have a TD Canada Trust chequing or savings account. Once your account is open, you can make regular contributions online. Call us at 1-800-386-3757 if you want advice. Our Investment Specialists are ready to provide investment advice that aligns with your goals. You could also visit a branch near you. We recommend booking an appointment ahead of time. How do I know how much contribution room I have in my TFSA? Every year, the government calculates how much TFSA contribution room you have available. You could log into the Canada Revenue Agency (CRA) website to view your TFSA contribution room in the "My Account" section.
\r\n

\r\n"}}" id="text-440dcfbe05" class="cmp-text"> Every year, the government calculates how much TFSA contribution room you have available. You could log into the Canada Revenue Agency (CRA) website to view your TFSA contribution room in the "My Account" section.

If I withdraw money from my TFSA, can I re-contribute this amount later in the tax year? If you withdraw funds from your TFSA, you can re-contribute the amounts you have withdrawn the following calendar year and you could carry forward your contribution room indefinitely.

\r\n"}}" id="text-c85475f989" class="cmp-text"> If you withdraw funds from your TFSA, you can re-contribute the amounts you have withdrawn the following calendar year and you could carry forward your contribution room indefinitely.

Articles and tips to help you get started TFSA vs. RRSP: What’s the difference?

Should you invest in an RRSP or TFSA? Explore your savings and investing options by comparing the two and start saving for your future!

What is a TFSA?

Better understand how a Tax-Free Savings Account (TFSA) may help you reach your financial goals.

TFSA contribution & withdrawal limits rules

Thinking about investing in an TFSA? Understand how your TFSA contribution limit works to make the most of your plan.

See more articles Ready to Invest? We can help! Book an appointment Meet with a TD Personal Banker in person at a branch near you.

Book an appointment Book now Give us a call Our Investment Specialists are ready to answer your questions and help you get started.

1-800-386-3757 1-800-386-3757 Do it yourself For Direct Investing, it's easy to open a cash, margin, RSP, TFSA or RESP account.

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