TFSA

Tax Free Savings Account


WHAT DOES IT DO?

  • Earn tax-free interest on your money
  • Maximizes your savings at an accelerated rate
  • No fees or service charges
  • Flexibility to access and transfer your savings at any time

WHO DOES IT HELP?

  • Students
  • Home Buyers
  • General Population
TFSA Features

TFSA More Info


The Home Trust Tax-Free Savings Account is better described as a Tax-Free INVESTMENT Account.

When you invest your money in a general-purpose savings account, you earn a certain amount of interest on the amount that you deposit. The interest that you earn on your money  is tax-free so you’re able to maximize your savings and watch your wealth grow!

Maximum Accessibility 
Keep your funds available in the Savings section of your account and withdraw funds when you need.*

Maximum Flexibility Accumulate money by lump-sum deposits, an Automatic Savings Plan or committing to a GIC for guaranteed return.

Maximum Return 
Increase your return on any money deposited to your account with competitive interest rates and no tax.*

Maximum Opportunity Contribute your unused deposit capacity in your TFSA or carry forward any unused contribution room to subsequent years.

Maximum Security 
Investments are eligible for CDIC coverage.

HOW?
A savings account offering a great rate where interest earned on your money is not taxable. All with the added benefit of flexibility to transfer funds in and out of the account when you need it.* When you take out money from your TFSA you don’t lose the contribution room, you simply have to wait until the following year to re-contribute the amount of funds you might have withdrawn.

Tip: Increase your after-tax savings returns with a Home Bank investment option like a GIC held in your TFSA.

TFSA Scenarios

WHAT CAN A TFSA DO FOR ME?

  • Earn tax-free interest on your money and accelerate your savings
  • Help you save for both long and short term goals such as a summer vacation or retirement

HOW?

Our Home Trust TFSA does exactly what it sounds! Earn tax-free interest on the money that you deposit.

The TFSA offers a Savings Account that gives you more flexibility to transfer funds in and out while earning more interest than a traditional savings account.

Photograph of Winnipeg's skyline at night.

Education costs can feel overwhelming. But if you’re prepared with a savings plan that offers you flexibility to achieve your goals, you’re already one step closer to making smart decisions.

Setting up an automatic savings plan can be one way to accumulate your tuition or living costs so that you can get back to studying your subjects, instead of your bank account.

HOW DO I SET UP AN ASP?

Step 1: Open your TFSA through a CFF Centre

Step 2: Choose the amount that you’re comfortable putting aside

Step 3: Pick your savings frequency to determine how often you want to transfer this pre-determined amount. Whether that’s daily, weekly or monthly.

Step 4: Watch your savings grow at an accelerated rate!

WHAT DOES THIS DO?

TFSA ASP GRAPH

Your TFSA can act as an alternative savings account for your retirement based on your preference.

TFSA Apply Now

TFSA Rates

5 Year2.80%
1 Year1.80%
18 Months2.10%
2 Year2.25%
3 year2.45%
4 Year2.55%
Min. Deposit$1,000