What is a tax-free savings account (TFSA)?

A TFSA is so much more than a typical savings account. You can hold a mix of investments (including cash, GICs Guaranteed Investment Certificates, and mutual funds), and, generally, any investment income you earn is tax-free. That means it’s 100% yours to keep.1 With a TFSA, your deposits and investments grow quickly through tax-free investing. Generally, you pay no income tax on investment returns earned in the account, and there are no taxes on the amounts you withdraw.

Who is a TFSA best suited for?

A TFSA is especially well-suited if: You’ve maximized your Registered Retirement Savings Plan (RRSP) contributions and want additional room for tax-advantaged savings. You’re saving up for a big purchase and want to access tax-free savings before retirement. Unlike an RRSP, you can withdraw money from a TFSA in most cases without tax any consequences. (Note: If you have already maximized your TFSA contribution, you must wait until the following year before contributing anything more to your TFSA in order to avoid penalty charges from the Canada Revenue Agency (CRA).) (See "What happens if contribute more than my TFSA contribution room" below for more details) You’re worried that investment income could have a negative impact on government benefits or tax credits that are reduced or eliminated at higher income levels. These include Old Age Security (OAS) benefits, the Guaranteed Income Supplement (GIS) and the federal age credit. Withdrawals from a TFSAT F S A have no impact on eligibility for these “income-tested” benefits.

TFSA You don’t need to have any income to accumulate contribution room. Contributions to a TFSA are not tax-deductible on your tax return. Withdrawals from a TFSA are tax-free. Any amount withdrawn (excluding qualifying transfers) is then added to your contribution room in the following year, so that you could later re-contribute the amount that you withdrew. There is no requirement to convert the TFSA to an income payment option (e.g. a RIF or an annuity) at any age. RRSP You must have income to accumulate contribution room. A RRSP must be fully withdrawn or be transferred to a Retirement Income Fund (RIF) or annuity by the end of the year you turn 71. Contributions to an RRSP are tax-deductible on your tax return. Withdrawals from an RRSP are taxed in the year of withdrawal (with the exception of the Home Buyer’s Plan (HBP) and Lifelong Learning Plan (LLP) which are not taxed provided they are repaid on schedule). Any amount withdrawn cannot be added to your contribution room in the following year.

Who is eligible for a TFSA?

Anyone who have achieved the age of majority in your province or territory of residence (which is 19 in British Columbia, Newfoundland and Labrador, Nova Scotia, New Brunswick, Northwest Territories, Nunavut and Yukon, and 18 in all other Canadian provinces)2; be a Canadian resident; and have Canadian Social Insurance Number (SIN)

Can I open more than one TFSA?

You sure can. You can open more than one TFSA but the total contributions to all your TFSAT F S A accounts cannot be more than your total accumulated contribution room.

Do you have different types of TFSAs?

An investment TFSA: In this TFSA, you can hold a mix of investments (including savings, market-linked GICsGuaranteed Investment Certificates, stocks, ETFsExchange Traded Funds and mutual funds), which can help you grow your savings. You can open this at a branch or by phone. A basic savings TFSA: In this TFSA, you can hold cash in a savings account, and you can open this online.

What kind of investments can I hold in a TFSA?

A TFSA is generally permitted to hold similar investments that a RRSP can hold. This includes cash, mutual funds, ETFs, stocks, GICs (including market-linked GICs) and bonds. We can help you think through the best option for you, and direct you to the appropriate BMO partner if you are looking for an investment option we cannot offer in the branch. Think of it as a savings and investments 'bucket.' You can fill it with a mix of investments that align with your goals—whether it’s saving for a trip, renovating your home, or putting money away for a rainy day.

Tax-Free Savings Account (TFSA)

免税储蓄账户()远非只是一个储蓄账户。您的储蓄可免税增长，并可持有多种投资类型，因此是帮助您实现所有储蓄和投资目标的绝佳选择。

在您的T F S A中投资至年度限额并静待其实现免税增值
您可以在您的T F S A中进行各种投资，如股票、债券、交易所买卖基金、互惠基金和定期存款
免税储蓄账户允许您随时提款而不会被罚款

BMO TFSA can help you reach your long or short-term investing goals with tax-free savings.

Get a $100^* bonus when you open a BMO TFSA.

预约

Why invest in a TFSA?

免税增长

在您的中赚取的任何增值均无需纳税，包括利息、股息和资本收益。这意味着您可以保留更多辛苦赚来的积蓄。

将储蓄和投资进行组合

您可以在您的中将储蓄和投资进行组合，如现金、、股票、债券、互惠基金等等。根据您的风险承受能力和投资期限，定制您的投资组合。

灵活账户

类似于，可提供税务优惠，但的一个优势是，您的资金可以随时提取。您也可以把取出来的金额进行再投资，包括赚取的利息。这样您就不会失去该供款额度。

TFSAs by the numbers

$7,000:您2025年的供款限额。

$102,000 : Your total possible contribution room.

62% : 拥有的加拿大人的百分比

How to make the most of your TFSA

以下列出了一些方法，可以确保您享受到带来的最大好处。

确保您拥有合适的投资

Make sure the investments you hold in a TFSA align with your risk tolerance and 投资 horizon. Saving for retirement? Stocks, ETFs and mutual funds are great choices.

供款上限

了解您的限额，并在其范围内投资。今年您的限额为$7,000。 The maximum you can contribute to your , if you haven’t already funded it, is

$102,000

尽早并经常储蓄

让您的增值的关键是尽早对其充分利用。越早开始向您的供款，您的钱实现免税增长的期限就越长。想要轻松实现储蓄目标，请查看我们的连续储蓄计划。

充分利用我们的储蓄账户利率

除了为您提供的所有其他优势之外，还有一个储蓄的好理由：特别利率和优惠以帮助您从一开始就获得真正的财务进展。立即开始，易如反掌。

TFSA Calculator

使用我们易于使用的计算器，计算使用免税储蓄账户()进行投资与使用常规应税银行账户相比可以节省多少资金。

告诉我们您的储蓄方式，我们将帮助您计算潜在的储蓄额。

您希望刚开始的供款金额是多少？

$0$100,000

您每年将供款多少？

$50$7,000

您要储蓄多长时间？

1年40年

您希望每年资金增长多少？*

1%10%

您的年收入是多少？

您希望刚开始的供款金额是多少？

$0$100,000

您每年将供款多少？

$50$7,000

您要储蓄多长时间？

1年40年

您希望每年资金增长多少？*

1%10%

您的年收入是多少？

您的TFSA汇总信息

通过TFSA您可以节省 $3,121 税款在20年！

对您的T F S A账户和应税账户中的总存款额、总增长率及总储蓄额进行对比的表格
年	TFSA	应税账户	节税金额
2025	$2,000	$2,000	$0
2030	$5,454	$5,225	$229
2035	$9,861	$9,125	$736
2040	$15,487	$13,841	$1,646
2045	$22,666	$19,545	$3,121

您的储蓄汇总信息

对您的T F S A账户和应税账户中的总存款额、总增长率及总储蓄额进行对比的表格
	TFSA	应税账户
您的存款总额	$12,000	$12,000
您的增长总计	$10,666	$7,545
您的储蓄总额	$22,666	$19,545

一切准备就绪？

预约

Learn more about investing in TFSAs with BMO

Compare: FHSA vs TFSA vs RRSP

Learn about the key differences between FHSAs, TFSAs and RRSPs.

TFSA vs. RRSP: Here’s what you need to know

Wondering which one is best for your savings goals? Let’s go through the differences between a TFSA and an RRSP.

了解：基础知识

不确定如何运作？温习基础知识只需几分钟的时间

TFSA FAQs

一般问题

A TFSA is so much more than a typical savings account. 您可以持有多种投资组合(包括现金、定期存款和互惠基金)，而且通常来说，您赚取的任何投资收益都是免税的。这意味着您可以保留100%的投资收益。
With a TFSA, your deposits and investments grow quickly through tax-free investing通常，您不需要为账户中获得的投资回报支付所得税，也不需要为您提取的金额支付税费。
See also Question 15, What kind of investments can I hold in a TFSA?
A TFSA is especially well-suited if:
- You’ve maximized your Registered Retirement Savings Plan (RRSP) contributions and want additional room for tax-advantaged savings.
- 您正在为大额消费存钱，并想在退休前使用免税储蓄。 Unlike an RRSP, you can withdraw money from a TFSA in most cases without tax any consequences. (Note: If you have already maximized your TFSA contribution, you must wait until the following year before contributing anything more to your TFSA in order to avoid penalty charges from the Canada Revenue Agency (CRA).) (See "What happens if contribute more than my TFSA contribution room" below for more details)
- 您担心投资收益会对政府福利或税务减免产生负面影响，在收入水平较高时，这些福利或税务减免将被削减或取消。这些包括老年保障(OAS)福利、保证入息补助金（GIS）和联邦高龄免税额。 Withdrawals from a TFSA have no impact on eligibility for these “income-tested” benefits.

TFSA vs RRSP?

Great question—this chart breaks things down some of the differences between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP):

对比T F S A和R R S P特点的图表
TFSA	RRSP
您不需要有任何收入来累积供款额度。	您必需有收入来累积供款额度。
Contributions to a TFSA are not tax-deductible on your tax return.	Contributions to an RRSP are tax-deductible on your tax return.
Withdrawals from a TFSA are tax-free.任何提款金额（符合条件的转账除外）均将计入次年的供款额度，这样，您可在之后将提款金额重新存入账户。	Withdrawals from an RRSP are taxed in the year of withdrawal (with the exception of the Home Buyer’s Plan (HBP) and Lifelong Learning Plan (LLP) which are not taxed provided they are repaid on schedule).任何提取的金额都不能在第二年被累加到您的供款额度中。
There is no requirement to convert the TFSA to an income payment option (e.g. a RIF or an annuity) at any age.	A RRSP must be fully withdrawn or be transferred to a Retirement Income Fund (RIF) or annuity by the end of the year you turn 71.

Opening a TFSA

我们愿意与您会面并为您做出安排。亲临我们的分行或预约与有资质的BMO投资专业人士洽谈。
- 预约
- 致电我们：1-877 CALL BMO
- 前往当地BMO分行
您还可以
开设投资账户
让B M O专业人士助您投资
希望获得B M O投资专业人士的指导？请预约以便当面会谈或通过电话咨询。
预约了解更多
网上投资
您是否了解哪种网上投资方式适合您的需求？选择您偏好的平台以开设账户。
InvestorLine Self-Directed - 网上交易InvestorLine adviceDirect - 提供建议的网上交易SmartFolio - 投资组合管理
开设账户进一步了解网上投资
大多数加拿大人都符合条件。要开设T F S A，您必须：
- 达到您所在省份或居住地区的法定年龄(不列颠哥伦比亚省、纽芬兰和拉布拉多省、新斯科舍省、新不伦瑞克省、西北地区、努纳维特和育空为19岁，所有其他加拿大省份为18岁);
- 是加拿大居民；并且
- 拥有加拿大社会保险号(SIN)
然后您就可以开始了。预约安排开户或
开设投资账户
让B M O专业人士助您投资
希望获得B M O投资专业人士的指导？请预约以便当面会谈或通过电话咨询。
预约了解更多
网上投资
您是否了解哪种网上投资方式适合您的需求？选择您偏好的平台以开设账户。
InvestorLine Self-Directed - 网上交易InvestorLine adviceDirect - 提供建议的网上交易SmartFolio - 投资组合管理
开设账户进一步了解网上投资

TFSA contribution room

How much can I put in my TFSA?

A little background for you: Your TFSA contribution room accumulates each year in which you are at least 18 (at any time in the year), have a Canadian Social Insurance Number and are a resident of Canada. The TFSA contribution room for each year (since it began in 2009) is as follows:

显示自2009年起每年的T F S A供款额度的图表
年份	TFSA contribution room
2009	$5,000
2010	$5,000
2011	$5,000
2012	$5,000
2013	$5,500
2014	$5,500
2015	$10,000
2016	$5,500
2017	$5,500
2018	$5,500
2019	$6,000
2020	$6,000
2021	$6,000
2022	$6,000
2023	$6,500
2024	$7,000
2025	$7,000

例如： If you were 18 or older in 2009, your total eligible contribution room in a TFSA (as of 2025) would be $102,000

对于每个月或不足一个月的账户超额供款，CRA将征收每月1%的税费。1%的税费将继续适用，直至:
- 全部超出金额被提取；或
- for eligible individuals, when the entire excess amount is absorbed by the addition of your unused TFSA contribution room for a later year.
关于超额供款的更多信息，请访问CRA网站
简单来说，是的，但可能不是马上。
Long answer: Any withdrawals (other than qualifying transfers) from your TFSA in a year will be added to your contribution room the following year. If you have contributed the maximum amount allowed to a TFSA and you withdraw any of your money, you must wait until the following year to contribute again—otherwise you will incur a tax penalty from the Canada Revenue Agency.
例如： In January 2022, Sophia opened her first TFSA and contributed the maximum of $81,500. 2022年6月，她提取了$7,000。Sophia最早可在2023年1月1日重新供款$7,000而不会产生罚款。
请访问CRA网站了解更多信息提款和符合资格的转账。

TFSA investment types

是的！它们是：
An investment TFSA: In this TFSA, you can hold a mix of investments (including savings, market-linked Guaranteed Investment Certificates, stocks, Exchange Traded Funds and mutual funds), which can help you grow your savings. You can open this at a branch or by phone.
A basic savings TFSA: In this TFSA, you can hold cash in a savings account, and you can open this online.
当然可以，而且我们可以提供帮助。
You can transfer your TFSA at another financial institution to a BMO TFSA.方法如下：
- 亲临您当地的BMO分行，填写账户转移表（查找您附近的分行）
- We will then send the transfer form to the financial institution that currently holds your TFSA to ensure that the transfer does not impact your contribution limit. 此项业务被称为“合法转移”。
请注意，其他金融机构可能会对该账户转移收取费用。
A TFSA is generally permitted to hold similar investments that a RRSP 可持有的投资类型，包括现金、互惠基金, ETF（交易所买卖基金）, 股票, GIC（定期存款） (包括与市场挂钩的GIC) 和债券。如果您要寻找的投资方案在我们的分行无法提供，我们可以帮助您斟酌最佳选择，并引导您找到合适的BMO合作伙伴。
将其视为一个储蓄和投资“桶”。 You can fill it with a mix of investments that align with your goals—whether it’s saving for a trip, renovating your home, or putting money away for a rainy day.

我们的联系方式

有多种联系方式。选择您的首选方式。

通过专业人士投资

网上投资

预约

- ^*适用条款及条件
- This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial advisor and/or tax information applicable to their specific situation.
- All investments, including these, are subject to risk, including the possible loss of principal.
- 投资专业人士是指代表B M O 投资公司的个人银行家、财务规划师、投资和退休规划专家以及投资专家。
- T M / ® Trademarks of Bank of Montreal.