Tax-Free Savings Accounts
Tax-Free Savings Accounts (TFSAs) from Manulife Bank are a great option for growing your savings. Tax-Free Savings Accounts give Canadian residents aged 18 years and older another great place to build a nest egg – and keep all the growth for themselves! You’ll be allotted new contribution room each year and any unused portions will be carried forward to future years.
Earn a high rate of interest* and keep it for yourself
Manulife Bank has three options for tax-free investing:
- Tax-Free Advantage Account- a bank account that features a tax-free, high rate of interest*, no minimum balance and we charge no fees for making deposits and withdrawals.
- Tax-Free Guaranteed Investment Certificate (GIC) - tax-free guaranteed growth for your investment.
- Investment Savings Account - if you work with a financial advisor and hold your investments within a Dealer Account, you may wish to consider Manulife Bank’s Investment Savings Account.
For more information about Tax Free Savings Accounts, read our tax-free savings account facts document.
Contact your financial advisor to open a Tax-Free Advantage Account or Tax-Free GIC today. To be referred to an independent advisor, please call 1-877-765-2265.
Government TFSA website
The Government of Canada TFSA website is a great resource for explanations, ideas and a calculator to help you understand TFSAs and how they could work for you.
Manulife Bank of Canada, member of Canada Deposit Insurance Corporation (CDIC).
* The variable rate of interest is applied to all funds in the account. Interest is calculated on the total daily closing balance and paid monthly. Rate is subject to change.