Tax Free Savings (TFSA)

Saving is good. Saving tax-free is better.

Get a boost to your savings with a Cambrian Tax-Free Savings Account (TFSA). As of January 1, 2021, Canadians 18 years of age and older can contribute up to $6,000 annually to their TFSA. Previous annual limits were: $6,000 in 2020 and 2019, $5,500 in 2018, 2017 and 2016, $10,000 in 2015, $5,500 in 2014 and 2013 and $5,000 between 2012 and 2009. If you don't use all your contribution room one year, it also carries forward so you can use it in future years. You can hold many different investment products in your TFSA - GICs, Mutual Funds*, Stocks* Bonds* and ETFs* can all be put in your TFSA as well as Savings Accounts.

Savings Accounts

This account lets you earn interest at a great variable rate. You can contribute any time and there's no minimum balance, making this is a great way start your retirement savings or to make small, frequent deposits to your TFSA.

GICs

GICs offer a higher interest rate than a savings account by locking in your funds for a term of one to 5 years. The interest rate is fixed, so you'll know exactly what you'll earn by the end of your term, and your money is guaranteed 100% by the Credit Union Deposit Guarantee Corporation of Manitoba.

Mutual funds*, ETFs, stocks and bonds**

If you want to invest your TFSA funds in the market with mutual funds*, stocks** or bonds**, Credential Securities at Cambrian has a full team of financial advisors available to help. They'll work with you to choose the right options for your situation and can help you build a full plan to prepare for retirement.

If you prefer to buy your investments yourself, our online brokerage partner Qtrade Direct Investing™ lets you manage your investments independently online.

For those looking for a digital advice solution, Cambrian has partnered with VirtualWealth®, a digital investing service that provides you with a professionally managed, low-cost portfolio.

Get an 18 Month GIC at 1.40%

Current Rates

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1.40%

18 Month GIC

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Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade, Qtrade Direct Investing, and Write your own future are trade names and/or trademarks of Aviso Wealth Inc.

*Mutual funds are offered through Credential Asset Management Inc.

**Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

VirtualWealth is a trade name of Credential Qtrade Securities Inc., Member of the Canadian Investor Protection Fund.