Tax Free Savings Account

  • TFSA FAQs
  • TFSA Canada Bank Reviews
    • President’s Choice Financial
    • Bank of Nova Scotia
    • Citizens Bank of Canada
    • Outlook Financial
    • Vancouver City Savings Credit Union
    • Toronto Dominion Bank In Canada
    • Royal Bank of Canada
    • Internationale Nederlanden Groep
    • Hong Kong and Shanghai Banking Corporation
    • Canadian Imperial Bank of Commerce
    • Bank of Montreal
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  • About TFSA
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  • Bank of Montreal TFSA Interest Rate Update

    Looks like BMO has updated its website. The rate seems to be better than the previously noted 2.75% as from what I see it is 3% as you can see here: http://www4.bmo.com/personal/rates/0,2278,35649_63297975,00.html That’s pretty good I think personally. It also indicates that “There are no fees for contributions, withdrawals or transfers” which is great for…

    January 5, 2009
  • TD Canada TFSA Interest Rates

    On TD Canada’s site they have released information about its interest rates for a tax free savings account. They are labeling it as the “High Interest TFSA Savings Account” with an annual interest rate of 1.75% that is paid out monthly as you can see by this chart: From my own observations, despite the name…

    January 3, 2009
  • Bank of Montreal TFSA Interest Rate

    Alright, so I just got some information about BMO’s tax free savings account interest rate. Apparently the interest rate it is going to be 2.75%. As of now the information is still unpublished on the site, but that should give everyone who is considering BMO a good head start in their decision making process. Of…

    January 3, 2009
  • Outlook Financial TFSA Plan

    Thank you to Peter for sending me this information. So here is another financial institution that is offering a TSFA account called Outlook Financial. It’s TFSA page is located at http://www.outlookfinancial.com/products_and_rates/TFSA.aspx I did have a look at the page too and was trying to find its interest rates. However, the interest rate box is simply…

    January 2, 2009
  • Tax Free Savings Account Launch

    So today is the launch date for TSFA accounts. The official TFSA site at http://www.tfsa.gc.ca/ was also updated. I thought this blurb of words used in a graphics on its page was interesting as you can see here: “Accumulate, Access, Tax-Free Earnings, Tax-Free Withdrawals, Savings, Flexible, Stability”. I guess that is pretty much the entire…

    January 2, 2009
  • Vancity TFSA Interest Rates

    Here’s another financial institution added to the list and is one of the only ones I have found so far that lists its TFSA interest rates for 2009 as you can see here: I must say, that “non-redeemable” aspect of Vancity’s offer kind of defeats one of the main benefits of a tax free savings…

    January 1, 2009
  • New Years And New Features For The Site

    Happy New Year everyone! This should be a busy time in terms of updates as banks are starting to release its interest rates and I will try to compile as much information as possible. As well, I placed up a bank review section where people can leave comments about the banks they choose and rate…

    January 1, 2009
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Tax Free Savings Account

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