Grow Your Money Faster With A Tax-Free Savings Account.
Join the millions of Canadians who have opened a TFSA. Your money grows faster in a TFSA because the money is growing tax-free.
A TFSA is a flexible and simple way to invest:
- Get started with as little as $100
- Interest earned on your savings
is not taxed - Get your money anytime*, without worrying about penalties
- Use it to start investing in Guaranteed Investment Certificates (GICs) or mutual funds, which may earn higher returns than a savings account
Start Investing Tax-Free! Open Your TFSA today!
Get started now to watch your savings grow tax-free. All it takes is $100 to invest and a few minutes of your time.
Open Online:
Existing client? Open and manage your TFSA online!
Open Your TFSA today!
If you are an existing RBC Online Banking client you can open a TFSA through Online Banking in 3 easy steps:
| Step 1: | From the Accounts Summary page in Online Banking, click on the link “More Applications…” in the Apply Now box on the right. |
| Step 2: | From the Investments section, select “Open a TFSA”. |
| Step 3: | Follow the steps to open your TFSA. |
Sign in to RBC Online Banking Now
Not yet an RBC Online Banking client?
Call 
Book an appointment at*Depends on the terms of your investments
The material is intended as a general source of information only, and should not be construed as offering specific tax, legal, financial, investment or other advice. Royal Bank of Canada and its affiliates can only provide recommendations in connection with their own products and services, and such recommendations are based on the completeness and accuracy of the information provided to us. Individuals are responsible for making their own product and service decisions, and should consult with their professional tax advisor, accountant, legal professional or other professional before taking any action based upon the information contained in this document.
Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.
Want to Save Even Faster?
Pay yourself first with automatic contributions. Start now and watch your savings grow!
See How Quickly Your Savings Can Grow
Try our TFSA calculator and see how much more you can earn in a TFSA compared to a taxable account.
