Tax-Free Savings Accounts (TFSA) — Canada Guide
Everything you need to know about TFSAs: current rates, contribution room, rules, and which account is right for you.
Best TFSA Rates in Canada — June 2026
We track and compare TFSA savings rates from Oaken Financial, EQ Bank, Tangerine, and more. Updated every month after Bank of Canada decisions.
What Is a TFSA? Complete Guide
A Tax-Free Savings Account lets you earn interest, dividends, and capital gains 100% tax-free. Learn the rules, contribution room, and how to make the most of it.
Read the guide →TFSA Contribution Room 2026
How much can you contribute? The 2026 annual limit is $7,000. If you've never used a TFSA before (and were eligible since 2009), your lifetime room is $102,000.
Check your room →TFSA GIC Rates
Want a guaranteed rate inside your TFSA? A TFSA GIC locks in your rate for 1–5 years. Best 1-year GIC rate today: 3.25%.
Compare GIC Rates →TFSA vs RRSP vs FHSA
Not sure which registered account is right for you? We compare the three main options — contribution rules, tax treatment, and best use cases.
Read guide →EQ Bank TFSA Review
EQ Bank's TFSA Savings Account earns 2.75% with no fees, no minimum, and free Interac e-Transfers. Full review.
Read review →TFSA Quick Facts
Canadian residents age 18+ with a valid Social Insurance Number (SIN).
Any time, for any reason, tax-free. Withdrawn room is restored January 1 of the following year.
Cash savings, GICs, ETFs, stocks, mutual funds, bonds — almost any eligible investment.
No. Interest, dividends, and capital gains inside a TFSA are completely tax-free, including on withdrawal.