Low-risk investing with GICs in various term lengths, available in both Canadian and U.S. funds.
Earn a guaranteed rate of return
100% deposit guarantee
GICs are also available in an RRSP, RRIF, or TFSA
Save for a rainy day, a big purchase, or get ready for retirement with a Tax-Free Savings Account.
All returns are tax-free
Manage your TFSA online or using the SCU app
Access your funds when you need them
Save for your retirement and reduce your taxable income now with an RRSP.
Enjoy tax-deferred savings
Make tax-deductible contributions
Choose from a variety of investing options
Give a child in your life a head start on their
post-secondary education with an RESP.
Increase savings with government grants
Convert your RRSP to a RRIF and enjoy a steady income while still earning interest on your money.
Control your income
Continue to grow your money tax-free
Use an RDSP to provide future financial security for an individual who receives the disability tax credit.
Earn tax-sheltered interest
Keep existing disability benefits
Reach your investment goals with online investing made easy by Qtrade Investor and VirtualWealth®.
Advanced investment software
Fast, friendly, and knowledgeable customer support
Get the funds you need to consolidate your debt, contribute to your RRSP, or make a large purchase.
Competitive interest rates
Flexible repayment plans
No pre-payment penalties
Get the right amount of money at the right time with a pre-approved credit limit.
Get approved once, access funds as you need
Only pay interest on the funds you use
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Whether saving for a rainy day, a big purchase, or getting ready for retirement,
there’s a Tax-Free Savings Account to help get you there.
A Tax-Free Savings Account is a general-purpose account, that can hold savings as well as higher interest-earning investments, such as GICs, mutual funds*, publicly traded securities*, or bonds*. While the money you invest in a TFSA is not tax deductible, all your investment growth is tax-free and any contributions, interest earned, dividends or capital gains can be withdrawn without having to pay taxes.
TFSAs can be opened by any Canadian resident 18-years or older with a valid Canadian Social Insurance Number. Earn tax-free investment income and more easily meet your lifetime savings needs with TFSAs for every need and goal.
Choose this high-interest, variable-rate savings option while you decide the best way to invest your TFSA funds.
Earn interest right from dollar one with highly competitive interest rates
Interest calculated on minimum monthly balance and paid annually on December 31
100% deposit guarantee by the Deposit Guarantee Corporation of Manitoba
Choose a term length that works for you. Earn a guaranteed rate of return, and enjoy our 100% deposit guarantee.
Choose from convenient 1 to 5-year terms with a minimum investment of $500
Interest is paid annually and can be compounded (added to the GIC) or paid out to your TFSA variable savings account
Watch your savings grow. With a TFSA you don’t pay any taxes on the interest you earn, even when you withdraw funds. Use your TFSA funds any way you like without any tax penalties.
Your contribution room is cumulative; carry over any unused contribution room to the next year. And when you withdraw money, you get that contribution room back on January 1 of the following year!
Automatically transfer funds to your TFSA monthly. It’s easy but remember to monitor your contributions so as not to exceed your limit each year.
You can make regular contributions to your TFSA throughout the year without needing to have an earned income. However, it is your responsibility to make sure you do not go over your maximum yearly contribution limit.
Any over-contributions are subject to penalties and interest. The Canada Revenue Agency sets the yearly contribution limit (see adjoining table).
Unused contribution room is accumulated every year to a maximum limit. Any withdrawals from your account will be added back as contribution room in the next year.
TFSA Annual Limit
TFSA Cumulative Limit
Find out how these two accounts work together to give you great rates and a flexible savings option.
Learn smart investment tips to maximize your potential savings and reach your goals.
Get expert advice on the smart way to diversify your portfolio to save big.
*Mutual funds are offered through Credential Asset Management Inc.
Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.