Tax-Free Savings Account

Tons of investment options,
all under one roof.

A Tax-Free Savings Account (TFSA) is a government program that allows tax-free savings to those 18 or over with a valid social insurance number. You won’t get taxed on the interest made on your investment, even when it’s withdrawn. Contributions aren’t tax-deductible for income tax purposes.

Unused TFSA contribution room can be carried forward to future years. For 2018, the maximum amount you can contribute is $5,500*. Any contributions beyond your contribution room can be subject to tax.

Your TFSA account can hold any type of investment product like the ones listed below. And since how you invest is just as important as how much you invest, our skilled planning team is here to help understand your individual needs and goals so you have the right portfolio mix.

What type of product are you interested in?

The Low-fee, More-for-me Mutual Funds®

What is it?

  • Our family of funds with lower fees, designed to be simple, affordable and conservatively managed

Why could it be right for you?

  • You're looking for medium to long-term growth
  • You want simplified options
  • You're looking for low fees
  • You want to know your portfolio is being professionally managed to keep your investment goals on track

Additional Mutual Funds

What is it?

  • A selection of professionally managed, diversified funds

Why could it be right for you?

  • You want to know your portfolio is being professionally managed to keep your investment goals on track

Safe Bet, No Sweat™
Market-Linked Term Deposits

What is it?

  • Offers 1,3, or 5 year terms
  • Minimum $500 investment
  • Initial investment is guaranteed

Why could it be right for you?

  • You want to keep your initial investment
  • You want to gain low-risk exposure to the global or Canadian financial stock markets

Non-redeemable
Term Deposits

What is it?

  • Offers short and long-term options, from 30 days to 5 years
  • Minimum $1,000 investment
  • Redeemable at maturity

Why could it be right for you?

  • You want to choose exact term length
  • You want income from the interest on your investments

1-Year Redeemable
Term Deposits

What is it?

  • Offers flexibility for one year
  • Minimum $1,000 investment
  • Redeemable any time (with full accrued interest after 30 days)

Why could it be right for you?

  • You want access to your savings
  • You want to start savings but aren't sure which investment is best for you

Better-than-cash®
Term Deposits

What is it?

  • Offers flexibility for one year
  • Minimum $500 investment
  • Redeemable any time (with full accrued interest after 6 months)

Why could it be right for you?

  • You want access to your savings, but you still want a competitive rate
  • You want to start savings but aren't sure which investment to choose

Rising Rate
Term Deposits

What is it?

  • Offers a rate that escalates each year
  • Available for 3 or 7 years
  • Minimum $1,000 investment
  • Redeemable on each term anniversary without penalty

Why could it be right for you?

  • You're saving for the long term
  • You want the flexibility of redeeming your money annually
  • You're rewarded with long-term savings with higher interest rates every year

Ready to invest?

Our accredited Investment Team can help you figure out the best financial plan for your goals.
Call us at 1.888.517.7000 Mon-Sat, 8am-8pm.

CDIC Deposit ProtectionCDIC Deposit Protection

Coast Capital Savings Federal Credit Union is a member of the CDIC.


Coast Capital Savings Federal Credit Union provides advice and service related to deposit, loan and mortgage products. Coast Capital Wealth Management Ltd. provides investment and financial planning services. Coast Capital Financial Management Ltd. provides advice and service related to segregated funds, annuities and life insurance products. Worldsource Financial Management Inc. provides advice and service relating to mutual funds. Mutual fund values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses may all be related with mutual fund investments. Important information about mutual funds is contained in the relevant fund facts and simplified prospectus. Please read the fund facts carefully before investing. Only deposits held in Canadian currency, having a term of five years or less and payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.

The Low-fee, More-for-me Mutual Funds® are managed by SEI Investments Canada Company. Worldsource Financial Management provides mutual funds and services. Mutual fund values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses all may be related with mutual fund investments. Please read the Fund Facts carefully before investing.

* Government of Canada. Indexation adjustment for personal income tax and benefit amounts. https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html

Coast Capital Savings Federal Credit Union is a member of the CDIC. For information on changes to deposit insurance and the transition period, see our Statement of Transitional Coverage.