Tax-Free Savings Account (TFSA)
Tired of paying taxes on your investment profits? Then you’re going to love the government-approved Tax-Free Savings Account (TFSA).

The government-approved Tax-Free Savings Account (TFSA) enables you to skip paying any taxes on your capital gains. Check out our TFSA Calculator to see how much it can help you save.

How TFSA’s Work


Each year, eligible Canadians can contribute a certain amount to their TFSA. This amount is determined by the Canadian government and any unused contribution room can be carried forward to future years. There is also a lifetime cap on the amount you can contribute. 

Once you deposit money in your TFSA, you can invest it in many ways – stocks, bonds, mutual funds, term deposits and so on. Any profits, also known as capital gains, you make with the money you invest are completely tax-free, even when you withdraw it!

The annual TFSA limit for 2022 remains at $6,000. As such, if an individual has never contributed and has built room since the program's inception in 2009, up to $81,500 can be contributed. 

Deposits and interest are 100% guaranteed by the Credit Union Deposit Guarantee Corporation and the Province of Alberta. This means both the money you put in and the interest earned are safe and secure - up to any dollar amount!

Featured TFSA-Eligible Term Deposits

Take advantage of our great rates with no risk to your investment.
1 Year

Interest Rate

3 Year

Interest Rate

5 Year

Interest Rate

*Rates subject to change.
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