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 EURO, USD, GBP High Rate Savings AccountEarn a high rate of savings on the currency of your choice. No Minimum Balance and No Monthly Fees. |
Equity Power MortgageEnjoy quick access to money for all your needs. Group all your debt together and access 80% of the equity in your home with flexible terms and rates. |
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Personal LoanWhether making a major purchase, or consolidating debt, HSBC can help provide funds with a personal loan. |
Special Offers Term DepositsAvailable in EURO, USD, GBP, CAD, AUD A Foreign Currency Term Deposit offers you the ability to earn interest at a guaranteed rate on your foreign funds. |
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Tax-Free Savings Account (TFSA)Invest in any Tax-Free Savings Account and interest earned on your investment will be tax free. You can also make withdrawals at any time tax free. Open a Tax-Free Savings Account now and earn interest on your savings tax-free. |
Line of CreditThe Line of Credit account is a flexible financial solution that will help you reach your goals, big or small. Draw on part or all of it - use what you need, when you need it. |
1 Only Canadian residents, who are over 18 years of age and have a valid Social Insurance Number, can make contributions to a Tax-Free Savings Account (TFSA). Annual contributions to TFSAs are subject to specific limits. Generally, the maximum contribution room for a year is equal to the total of unused TFSA contribution room from previous years, distributions (withdrawals) from TFSAs made in previous years and TFSA dollar limit for the year in question ($5,000 which may be increased for inflation).. The 2010 TFSA dollar limit is anticipated to be $5,000. The maximum annual contribution applies to all of your TFSAs held with HSBC or any other financial institution. Provided that contribution limits are not exceeded, income earned in a TFSA is not subject to Canadian taxes. Taxes of other countries may apply. Excess contributions to your TFSA are subject to taxes, interest and penalties. Unlike an RRSP, any money you contribute to a TFSA will not itself be tax-deductible.
The content herein is not intended to provide specific tax advice and should not be relied upon in this regard. HSBC makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these services. For full details about TFSAs and how they relate to your own income tax and financial situation, please consult your personal tax advisor .
