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.

     

  • Income earned on deposits and investments is not taxed1
  • Take your money out whenever you need it
  • Choose from several different TFSA options

As of 2019, you can contribute:

  • Up to $6,000 per year (previous annual limits were $5,000 for 2009 to 2012, $5,500 for 2013 to 2014, and $10,000 for 2015, $5,500 for 2016 to 2018), plus
  • Any unused contribution room from previous years, plus
  • The amount of any withdrawals made in previous years

TFSA Redeemable (Guaranteed Investment Certificate) GIC2

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

     

  • Save faster
  • Redeem your GIC any time you need to access your money
  • Ideal for small, short term investments
  • Earn daily interest
  • Protection for your deposits

An HSBC TFSA Redeemable GIC may be an ideal investment option if you:

  • Prefer a guaranteed return over a 1-year period
  • Want the flexibility of being able to redeem your investment prior to maturity2
  • Have a minimum of $1,000 to invest

TFSA Term Deposit3

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

    

  • Save faster
  • Plan for the future
  • Access your money when you need it
  • Choose from a range of short-term and long-term options
  • Choose your interest payment option
  • Renew automatically4
  • Protection for your deposits

HSBC TFSA Term Deposits may be an ideal investment option if you:

  • Prefer a secure, tax-free fixed-term investment with guaranteed interest
  • Want your money to grow faster than in a regular savings account
  • Want the flexibility to access your money at any time
  • Have a minimum of $1,000 to invest

Mutual Funds TFSA5

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.

  

  • Create a portfolio that meets your investment needs
  • Add the diversity you need to protect your investments from market volatility
  • Consider using mutual funds as the foundation of your (Registered Retirement Savings Plan) RRSP portfolio
  • Benefit from HSBC's local and global market experience and insight

Diversify your investment strategy with HSBC Mutual Funds, and find new opportunities in local and global markets.

HSBC InvestDirect TFSA6

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.

     

  • Trade globally
  • Award winning client service experience
  • Best-in-class commissions
  • Exclusive banking and brokerage preferred pricing
  • Multi-currency settlement
  • Convenience and reliability

Diversify your portfolio globally with HSBC InvestDirect.

1 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 the TSFA dollar limit for the year. 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. 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. Consult your tax advisor for full details about TFSAs and how they relate to your tax situation.

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 You can opt into our automatic renewal option when purchasing your term deposit. If you don't notify us before maturity, we will automatically re-invest your deposit (either the principal only or principal and any interest earned) at the interest rate applicable on the date of renewal, to help maximize the growth of your savings. Consult your HSBC branch regarding any eligibility &/or restrictions with setting up an automatic renewal option on your term deposit(s).

5 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. HSBC Global Asset Management (Canada) Limited is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides services in all provinces of Canada except Prince Edward Island.

6 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.