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Kick it into high gear with up to 2.00% per annum

on Canadian Dollar Registered Term Deposits (RRSP, RRIF and TFSA).This great offer is available from January 10, 2022 to March 31, 2022.

Invest, save and build your wealth with a Tax-Free Savings Account

For most Canadians, TFSAs are a great way to save and invest for the future. Your money can grow faster because income and capital gains accumulate tax-free.1 Plus, TFSAs encourage you to start and keep saving with no limits on withdrawals if you need to access your money. Contribution room increases each year.1

Ready to open a TFSA?

Invest online with advice

Best Robo Advisory Experience – 2021 Digital CX Awards, presented by The Digital Banker

Best Robo Advisory Experience – 2021 Digital CX Awards, presented by The Digital Banker*


Discuss your options

Benefits and features

  • Earn money tax-free

    Income earned on deposits and investments is not taxed.1

  • Contribution room accumulates

    Unused TFSA contribution room can be carried forward indefinitely. For example, on January 1st, 2022, the total contribution amount for a Canadian resident who had never contributed to a TFSA would be up to $81,500, if the individual was 18 or older in 2009 and therefore had accumulated all the available contribution room since TFSAs were introduced.

  • Withdraw money without penalties

    You can take money out of your TFSA whenever you like, for whatever you like, with no taxes. The amount you withdraw can be placed back at the start of the following year.1

  • Flexibility and choice

    Choose from several different TFSA options – including mutual funds, individual stocks, GICs and more.

As of 2022, you can contribute:

  • Up to $6,000 per year or more (previous annual limits were $6,000 CAD from 2019 to 2021, $5,000 CAD for 2009 to 2012, $5,500 CAD for 2013 to 2014, $10,000 CAD for 2015 and $5,500 CAD for 2016 to 2018), plus
  • any unused contribution room from previous years, plus
  • the amount of any withdrawals made in previous years.

Annual maximums apply to all TFSAs you hold at all financial institutions and excess contributions are subject to tax, interest and penalties.1

The Canada Revenue Agency (CRA) will track your contribution room. Find your individual amount through the “My Account” function on the CRA website or call 1-800-267-8272 for full details on TFSAs.

Build the TFSA that’s right for you

HSBC offers a wide range of TFSA-eligible products to help you grow your wealth and save for the future.

HSBC Mutual Funds2

Maximize the long-term performance potential of your TFSA holdings with locally and globally diversified HSBC Mutual Funds. 

HSBC Managed Solutions

Benefit from broad diversification across asset classes and markets with the expertise of global portfolio managers who make the day-to-day investment decisions for you.

Individual stocks, bonds, ETFs and more

Manage your investment of choice for your TFSA with HSBC InvestDirect3, our self-directed online brokerage. Access a wide variety of securities from major international markets and pay low trading commissions.

Private Investment Counsel services4

A boutique, discretionary service designed for high net worth clients offering tailored solutions and specialized attention from HSBC's worldwide network of research analysts and money managers.

Savings and term products

Enjoy peace of mind with redeemable Guaranteed Investment Certificates (GICs), Term Deposits, and cash savings in your TFSA.

How to apply

Open a new TFSA

Open a mutual funds TFSA online with 

HSBC Wealth Compass

Open a new TFSA savings or term product, or speak to a representative about your options

Open a self-directed TFSA online with
HSBC InvestDirect

Already have a TFSA with HSBC?

Contribute to your existing TFSA savings account

Contribute to your TFSA mutual fund account online through HSBC Wealth Compass

What kind of investor are you?

No matter your personality or comfort level with investing, there’s an approach that’s right for you.

Issued by HSBC Investment Funds (Canada) Inc. (“HIFC”)

Neither HIFC, HSBC Bank Canada nor any member of the HSBC Group provides tax advice. You should consult with your own tax advisors about your own tax situation before taking any decision or authorizing any transactions. You are responsible for fulfilling your tax obligations in any jurisdiction, even if those obligations relate to opening or using accounts and services offered or provided by HIFC, HSBC Bank Canada or members of HSBC Group. HSBC Group means HSBC Holdings plc, its affiliates, subsidiaries, associated entities, and their branches and offices, together or individually. 

You are solely responsible for determining whether any contribution to your TFSA or other registered plan account is within your contribution limit. Contact the Canada Revenue Agency CRA website or call 1-800-267-8272 for full details on personal taxes, benefits and trusts including TFSAs. 

Terms and conditions apply.

* The Digital Banker award recognises and celebrates the world's preeminent Financial Services Organisations that are pioneering unrivalled standards and capabilities in their respective fields.

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 HSBC Investment Funds (Canada) Inc. (“HIFC”) is a direct subsidiary of HSBC Global Asset Management (Canada) Limited (“AMCA”) and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada.

AMCA is the manager and primary investment advisor for the HSBC Mutual Funds and the HSBC Pooled Funds (collectively, the “HSBC Funds”).  HIFC is the principal distributor of the HSBC Mutual Funds, which are also distributed through authorized dealers. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, Fund Facts, applicable account opening documentation and any other disclosures before investing.  HSBC Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution, their values change frequently and past performance may not be repeated. For money market funds, there can be no assurances the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

All products and services of HIFC and AMCA are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your HSBC Mutual Fund Advisor for more details. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.

3 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.

The Private Investment Counsel service is a discretionary portfolio management service offered by HSBC Private Investment Counsel (Canada) Inc. (HPIC). Under this discretionary service, assets of participating clients will be invested by HPIC or its delegated portfolio manager, HSBC Global Asset Management (Canada) Limited (AMCA), in securities, including but not limited to, stocks, bonds, mutual funds, pooled funds and derivatives. Commissions, management fees, custodial fees and expenses all may be associated with the use of the Private Investment Counsel service. Neither the Private Investment Counsel service nor any of the securities purchased as part of the Private Investment Counsel service are guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other investor protection fund or deposit insurer. The value of an investment in or purchased as part of the Private Investment Counsel service may change frequently and past performance may not be repeated. HPIC is a wholly owned subsidiary of, but separate legal entity from, HSBC Bank Canada and provides its services in all provinces of Canada, except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. Full terms and conditions are available at

HSBC Wealth Compass™ is an online service offered by HIFC which allows clients to discover their investor profile, receive a personalized investment recommendation and apply to start investing in mutual funds. HSBC Wealth Compass™ is a trademark of HSBC Group Management Services Limited.

This site may provide external links that give you access to HSBC websites located in Canada and other countries. These links are provided solely for the readers' informational purposes and convenience. When readers select a link to an external website, they are subject to and governed and bound by the policies and terms and conditions of the external website. Please read the website's policies and terms and conditions before using the website. If you enter a website outside of Canada, you are advised that it may not be legal in that jurisdiction for you to use the facilities available on that website and the legal requirements of that jurisdiction may prohibit you from dealing in that jurisdiction. If you access a jurisdiction in which you are not resident, you do so at your own risk, and HSBC Group will not be liable for any breach of local law or regulation that you may commit as a result of using and accessing a website in a country in which you are not resident.

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