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The Tax-Free Savings Account (TFSA) is an easy way to save. The income earned on deposits and investments in a TFSA is not taxed. You can also withdraw your money at any time for any reason without being taxed. And you can put it back starting from the beginning of the following year.1
Designate a Beneficiary to your Tax-Free Savings Account (TFSA)
TFSA High Rate Savings Account 
Apply for a high rate savings account in-branch, online or by telephone
Take advantage of a high interest rate on your hard-earned money – Tax Free! Open your Tax-Free Savings Account now and start earning interest free of Canadian income tax.* Apply online, in-branch or by calling 1-888-310-HSBC (4722).
TFSA Redeemable GIC2
Save with flexibility and security in a TFSA Redeemable GIC and pay no Canadian income tax on the interest earned.* Available at any HSBC branch, Personal Internet Banking or by calling 1-888-310-HSBC (4722).
TFSA Term Deposit3
Invest in a TFSA Term Deposit and pay no Canadian income tax on the interest earned.* The TFSA Term Deposit is a great way to save at a higher rate of interest over the short or long term. Available at any HSBC branch, Personal Internet Banking or by calling 1-888-310-HSBC (4722).
Mutual Funds TFSA4
Access our local and global investment management capabilities with HSBC Mutual Funds TFSA4. The Mutual Funds TFSA allows you to choose any of our mutual funds, including LifeMap Portfolios®. Pay no Canadian tax on any investment income and capital growth while earned in the TFSA*.
HSBC InvestDirect Tax Free Savings Account (TFSA) 5
Take advantage of the industry-leading tools and market intelligence of HSBC InvestDirect for you to create and manage the investments of choice in your TFSA. Through an InvestDirect TFSA you have access to a variety of investments including: GICs, stocks, bonds and over 1,200 mutual funds. Click here to learn more.
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The content herein is not intended to provide specific tax advice and should not be relied upon in this regard. Please consult your tax advisor to find out which strategies suit your tax situation. HSBC Bank Canada makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these services.
* Income earned in a TFSA is not subject to Canadian taxes. Taxes of other countries may apply. Contributions to Tax-Free Savings Accounts (TFSAs) are limited annually. Generally, the maximum contribution room for a year is equal to the total of unused contribution room from the previous year, distributions made in the previous year and TSFA dollar limit for the year ($5,000 which may be increased for inflation). The maximum annual contribution applies to all of your TFSAs held with HSBC Bank Canada or any other financial institution. Only Canadian residents, who are over 18 years of age and have a valid Social Insurance Number can make contributions to a TFSA. Consult your tax advisor for full details about TFSAs and how they relate to your tax situation.
Personal customers only.
1 Re-contribution of money withdrawn from a TFSA may be subject to rules and annual limits. Consult your personal tax advisor.
2 Minimum investment of $1,000 required. Issued by HSBC Bank Canada. No interest paid if redeemed within first 89 days.
3 Minimum investment of $1,000 required. Issued by HSBC Bank Canada. Redeemable prior to maturity receive no interest.
4 HSBC Mutual Funds are offered and distributed by HSBC Investment Funds (Canada) Inc., a subsidiary of HSBC Bank Canada, and authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. Their values change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.
LIFEMAP, LIFEMAP PORTFOLIO, LIFEMAP PORTFOLIOS, LIFEMAP EFFORTLESS INVESTING, and Lifemap Design are registered trade-marks of HSBC Bank Canada, used under license by HSBC Investment Funds (Canada) Inc.
5Issued by HSBC InvestDirect, a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. Member CIPF.
