Invest Tax-Free in a TFSA
A Tax-Free Savings Account (TFSA) is a great way to grow your savings, tax-free.
Opening a TFSA today can help you save for mid- to long- term goals such as a new home, vacation or car!
With a TFSA, you can:
- Contribute up to $5,500 for 2017*
Your contribution amount accumulates each year and can be carried forward indefinitely. - Watch your savings grow
Set up easy, automatic contributions of $25 or more with our TFSA-Matic® feature - Hold a wide range of investments
We offer RBC Funds, RBC GICs, and RBC Savings Deposits - Benefit from tax-free growth
The earnings your investments generate within the TFSA are not taxable, even when withdrawn
Opening your TFSA is fast, easy and secure. Let's get started.
Interested in other ways to open a TFSA?
Learn more
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Royal Bank of Canada 2017
*
The 2017 contribution limit for each account holder is $5,500 ($10,000 for year 2015, $5,500 for years 2013 and 2014 and $5,000 for years 2009 to 2012). To be eligible to open a TFSA, you must be 18 years of age or older, a Canadian resident and have a Social Insurance Number (SIN). The age of majority is 19 in certain provinces and territories, which may delay the opening of a TFSA; however, you start to accumulate contribution room at age 18.
This 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.
Mutual funds are sold by Royal Mutual Funds Inc. (RMFI) and guaranteed investment certificates are offered through Royal Bank of Canada and may be held in RMFI investment accounts where RMFI holds the asset in its name, as nominee.
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.
This 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.
Mutual funds are sold by Royal Mutual Funds Inc. (RMFI) and guaranteed investment certificates are offered through Royal Bank of Canada and may be held in RMFI investment accounts where RMFI holds the asset in its name, as nominee.
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.
