With a TD Easy Trade TFSA1, you'll have the power to select investments and build your plan
You can build your investments tax-free
A tax-efficient way to build your account through investment growth, dividends, or interest.
Pay no tax on withdrawals
Withdraw your money at any time3 without incurring tax.
Catch up on unused contribution room
Carry unused contribution room forward into future years.
No U.S. or Canadian currency conversion costs
With both the Canadian and U.S. dollar components of a TFSA, you can trade in the currency of the stock or TD ETF without worrying about currency conversion costs related to these currencies. If you don't have sufficient funds, you would incur a currency conversion cost.
TFSA vs. RRSP
Whether you're saving for retirement, homeownership or education, RRSPs and TFSAs can help. Review our comparison chart to understand the differences.
$6,0004 PLUS amounts accumulated or withdrawn in previous years5
18% of previous year’s earned income (maximum limits apply), less pension adjustments
Unused contribution room
You’re not taxed on withdrawals
Funds that are withdrawn are charged a prescribed withholding tax at the time of withdrawal, but will be ultimately taxed as income at your marginal rate. This may affect government benefits such as old age security.
Added to contribution room in future years
Contribution room is lost for amounts you withdraw
There's more than one way to invest in your TFSA
Invest in selected shares from companies listed on six North American exchanges.
The TD ETF (Exchange-Traded Fund) lets you invest in a collection of securities across different geographic regions or industries based on specific investment strategies