Tax-Free Savings Accounts (TFSAs)

If you are a Canadian resident 18 years of age or older with a valid Social Insurance Number (SIN), you are eligible to open a Tax-Free Savings Account. All the interest earned on your eligible contributions are tax free. Effective 2017, the Annual TFSA eligible contribution limit is $5,500.

Tax-Free Savings Account (TFSA) Features

 

TFSA Investment Options

 

Choose from any of our existing investment products such as:

*The interest earned on your TFSA deposits is tax-free, to spend or reinvest as you wish.

If you would like to withdraw your interest earned, you may choose to:

If you would prefer to not withdraw, you may reinvest the interest earned in the GIC at the contract rate:

Minimum TFSA Deposit Amounts

At maturity the principal amounts can be automatically re-invested until a written request to withdraw the full or a partial amount of the deposit is received.

Contributing to Your TFSA

Withdrawals

Canada Deposit Insurance Corporation (CDIC)

All products eligible for Equitable Bank's Tax-Free Savings Account are eligible for coverage under CDIC's deposit insurance program subject to CDIC's limits and policies.

TFSA Application Form

TFSA Transfer Form

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