Tax-Free Savings Accounts

Earn interest tax-free. Good deal.

The government introduced Tax-Free Savings Account (TFSA) is available to Canadians aged 18 and older to save up to $5,500 a year in a tax free plan. That means that any interest earned on investments in a TFSA isn’t taxed, even when withdrawn. And there's no deadline for your contributions.



We have a variety of investment options for the funds in your TFSA:

Guaranteed
Investment
Certificates (GIC)

  30 day to 5 year terms
  Have paid out or compound interest
  Only need $1,000 to get started
*  Contact us about a TFSA

Better-than-cash™ TFSA   1-year term
  Redeemable with interest starting November 1, 2015
  Only need $500 to get started
*  Contact us about a TFSA
Rising Rate

  3 or 7 year terms
  Access money with full interest on anniversary
  Only need $1,000 to get started
*  Contact us about a TFSA

High-interest Savings Account

  Premium rate
  10 free monthly transactions*
  No minimum balance requirement
*  Contact us about a TFSA

Mutual Funds   Not locked in - you can buy or sell any time
  Set up automatic deposits as low as $50 a month
*  Contact us about a TFSA
Rates

Check out our Tax-Free Savings Account rates.


Can't decide between a TFSA and an RRSP? We can help.


* Transactions include Coast Capital Savings® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, preauthorized payments, bill payments, transfers, and withdrawals. Deposits are free.

Important legal disclaimer

Disclaimer/Notes

Coast Capital Savings Credit Union provides service and advice related to deposit, loan and mortgage products. Coast Capital Financial Management Ltd. provides service and advice related to life insurance, segregated funds and annuities. Worldsource Financial Management Inc. provides service and advice related to mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund specific simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation (CDIC) or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated.