Tax-Free Savings Account

Explore your tax-free savings account (TFSA) options at HSBC

TFSA High Rate Savings Account

Earn a high rate on every dollar, tax free, with no minimum deposit. Plus, you have the flexibility to access your funds at any time.

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Start saving tax-free.

How to Apply


TFSA Redeemable GIC1

Save with flexibility and pay no tax on the interest you earn. Minimum $1,000 investment.

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TFSA Term Deposit2

For short- or long-term savings, get a great rate and earn tax-free interest. Minimum $1,000 investment.

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Mutual Funds TFSA3

Maximize the long-term performance potential of your TFSA holdings with locally and globally diversified HSBC Mutual Funds and don't pay tax on investment income or capital growth.

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HSBC InvestDirect TFSA4

Manage your investment of choice for your TFSA with HSBC InvestDirect, our self-directed online brokerage. Access a wide variety of industry leading tools and investments including: GICs, stocks, bonds, and over 4,000 mutual funds.

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Eligibility


To be eligible for a TFSA, you must:

  • Be 18 years or older
  • Have a valid SIN
  • Be a Canadian resident

Note: The age of majority is 19 for residents of Newfoundland & Labrador, New Brunswick, Nova Scotia, British Columbia, Northwest Territories, Yukon and Nunavut, which may delay the opening of a TFSA. However, the accumulation of contribution room will start at age 18.

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.

Personal customers only.
1 Minimum investment of $1,000 required. Issued by HSBC Bank Canada. No interest paid if redeemed within first 89 days.

2 Minimum investment of $1,000 required. Issued by HSBC Bank Canada. Redeemable prior to maturity receive no interest. 

3 HSBC Global Asset Management (Canada) Limited is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. is the principal distributor of the HSBC Mutual Funds. HSBC Mutual Funds are also distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Fund Facts 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.

4 HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund. HSBC InvestDirect does not provide investment advice or recommendations regarding any investment decisions or securities transactions.