The 2008 federal budget contained a bonus that almost every Canadian can benefit from: Tax-Free Savings Accounts. They allow you to set money aside in eligible investment vehicles without paying tax on income and gains earned within the TFSA.
Tax-Free Savings Accounts
Savings Account
| CIBC TFSA Tax Advantage Savings Account™ | Earn guaranteed interest tax-free |
Mutual Funds
| CIBC Mutual Funds | Broad selection of mutual funds ranging from savings, income and growth funds |
| CIBC Managed Portfolio Services | All-in-one investment solution that frees you from researching, monitoring and rebalancing your portfolio |
Cashable GICs
| CIBC Flexible TFSA GIC™ | A 1-year GIC with the ultimate in flexibility; access your money at any time, with interest if you redeem after 30 days |
| CIBC Cashable Escalating Rate TFSA GIC™ | Increasing annual interest rates over a 3- or 5- year term, and access to your money with interest on each anniversary2,3 |
| CIBC TFSA GIC (Redeemable) | Guaranteed fixed interest rate; withdraw your money at any time at specific early redemption rates |
Non Redeemable GICs
| CIBC Escalating Rate TFSA GIC™ | Premium returns over a 3- or 5- year term, with increasing annual interest rates2 |
| CIBC Bonus Rate TFSA GIC | Earn a premium interest rate above our regular rates on select terms (available periodically)2 |
| CIBC TFSA GIC (Non-Redeemable) | Total security of guaranteed interest plus full protection of your principal2 |
Market Linked GICs (TFSA eligible)
| CIBC Market-linked GICs | Guaranteed fixed term investments that combine the security of traditional GICs with the potential to earn a higher market-linked return in one simple solution. |
Save faster for important goals such as your retirement, starting a business, your children's education, a new car or a family vacation because you're not paying tax on your investment income. It's a great way to save and a great way to invest.
What do I need to know about making TFSA contributions?
What types of investments can I put in a TFSA?
What happens when I want to make a withdrawal from my TFSA?
At CIBC, we're committed to helping you Achieve what matters to you™. All of our CIBC advisors are available to meet with you to discuss how a CIBC TFSA could be an integral part of your overall savings and investment plan.
1 Some restrictions may apply depending on the investments chosen.
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