Grow tax-free with a TFSA high-interest savings account.

No—Hubert’s TFSA high interest savings account has no monthly fees and no minimum balance required.

Yes—you can withdraw your money at any time, with no tax on what you take out.

The Federal Government allows Canadians, 18 or older, to contribute a certain amount to their tax-free savings account every year.

If you have an account, the government won’t tax you on any interest you earn, including capital gains. You won’t even be taxed when you take money out. If you do take money out from your TFSA, you’ll get the contribution room back the next year. If you don’t use up all the contribution room, you can carry it forward to the following year without limit.

With a TFSA, the interest you earn is tax-free—helping your savings grow faster compared to a regular savings account.

• 2009 to 2012 – $5,000 annually
• 2013 to 2014 – $5,500 annually
• 2015 – $10,000 annually
• 2016 to 2018 – $5,500 annually
• 2019 to 2022 – $6,000 annually
• 2023 – $6,500 annually
• 2024 – 2026 – $7,000 annually

More information about tax-free savings accounts is available on the Canada Revenue Agency’s TFSA website.