Move your projects forward
Contribute online by March 3, 2025, and double your chances of winning $5,000
Are you already a National Bank client and have access to your online bank? Sign in and start investing today.
Complete our secure online form to contribute to your TFSA.
Are you a self-directed investor? Complete our secure online form and contribute to your TFSA via your brokerage account.
Our team is always available to find the right solution for all your needs.
A TFSA is a government-registered account that allows you to grow your savings tax-free, whatever your annual income. You pay no tax on interest, income, or withdrawals.
Save effortlessly with systematic savings. Your payments are automatically deposited into your TFSA. You can also access your online bank and contribute directly to an existing TFSA.
The age of majority, either 18 or 19, depending on the province*
TFSAs are offered to all Canadian residents who have reached the age of majority* and have a valid social insurance number (no maximum age).
* The age of majority per province:
18 years old: Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Prince Edward Island
19 years old: British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, Yukon, Nunavut, Northwest Territories
Tip
You haven’t reached the age of majority yet? Put your money in a high-interest savings account.
$7,000
Your unused contribution room can be carried forward.
However, you begin earning contribution room from the age of 18, regardless of the age of majority in your province or territory.
Tip
Hit your contribution limit? Keep saving tax-free with an RRSP.
Choose products based on your investor profile, transfer your savings and start earning interest tax-free.
Grow your savings and protect your initial investment.
Trust our team of experts with your savings.
Take an active role in managing your investments.
Enjoy ready access to your money and get a competitive interest rate.
RRSP
Save and reduce your annual taxable income, and you could save on taxes in the year you contribute.
FHSA
The FHSA (Tax-Free First Home Savings Account) is a new savings account that will allow first-time homebuyers to save up for a home.
RESP
Save for your children’s education and receive up to $12,800 in government grants.
Explore all our savings plans and learn how they differ from investments.
Make the most of your savings with our expert advice.
The information in this document is provided for informational purposes only and does not create any legal or contractual obligations for National Bank or its affiliates. You are encouraged to confirm the applicability and benefits of this information with your advisor, accountant, tax specialist, or another tax planning professional, as needed.
© 2025 National Bank of Canada. All rights reserved. Reproduction in whole or in part without prior written permission is strictly prohibited.
To learn about TFSA fees, please consult the Fee Guide – Personal Banking Solutions under Other Fees.
To learn about our process for notifying you of fee increases or new fees, please refer to the Interest and Fees section of our Personal Bank Holding Agreement.
If you are dissatisfied with our service, please consult our Complaint settlement page.
Learn more about the TFSA on page 3 of the Account application form.
Talk to an investment specialist or choose a plan online.
1-888-270-3941
Monday to Thursday,
8 a.m. to 6 p.m. (ET)
Friday, 8 a.m. to 5 p.m. (ET)
