With TFSA RBC, A Tax-Free Savings Account (TFSA) is a powerful registered investment account tooltip you can use to save for any big-ticket item or goal – tax free.
What is the TFSA interest rate at RBC?
6% annual compound rate of return.
How does a TFSA work RBC?
A Tax-Free Savings Account (TFSA) is a registered account with CRA introduced in 2009. You can use a TFSA to save for any short- or long-term goal—a new car, a home, a rainy day or retirement. Investment earnings and withdrawals are tax-free, so your money grows faster!
What is a TFSA?
A Tax-Free Savings Account (TFSA) is a powerful registered investment accounttooltipyou can use to save for any big-ticket item or goal – tax free. If you like more flexibility and less taxes, consider opening a TFSA.
Here’s why 60% of Canadians invest in a TFSA1:
- Pay no taxes on any investment earnings4
- Contribute even if you’re retired or not employed
- Contribute for as long as you want to—there’s no age limit
- Make up for missed contribution room from previous years indefinitely
- Withdraw your money at any time for any reason2
- Use a TFSA to save for anything while also saving for retirement in an RRSP
Exclusive Benefits When You Invest With RBC
Free Digital Tools to Help You Plan & Save
See all your money in one place, get tips and save automatically with smart tools such as MyAdvisor and NOMI Find & Save.
Advice When You Need It
Speak with an advisor in-person, by phone or over video – whether you’re investing $50 or $5,000.