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Tax-Free Savings Account

  • No tax on interest earned or withdrawals
  • A flexible Account that doesn't lock your money in



Interest Rate


Monthly fee


Minimum balance

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Tax-free savings

As long as you stay within your contribution limits, you won’t be taxed on interest earned or on withdrawals.


Easily move your money at any time. You’re never locked in, and there are no minimums.

No unfair† fees

We simply don’t believe in unfair fees. So you won’t have to pay to save with us.

About TFSAs

18 years and up

Currently, individuals who are at least 18 years of age can open a TFSA.

$7,000 annually*

Contribute up to $7,000* annually (as a combined total for all TFSAs held at all institutions).

$95,000 in total

If you've never contributed to a TFSA, and you were eligible to contribute since they were introduced in 2009, as of January 1, 2024, you can contribute a total of up to $95,000, which includes all unused contributions carried over since 2009.

* Annual limit based on legislation current as of January 1, 2024, subject to potential future change.

Reach your savings goals faster

Create a personalized savings goal and have money moved automatically to your Tangerine Account.

See when you can reach your savings goal

Your security matters

Keeping your banking info safe isn’t the only thing required to keep your Accounts protected. Discover expert tips and 24/7 security features for peace of mind all year long.

Download the app

Become a Client completely digitally with our Mobile Banking app. Sign up without leaving your home or having to call us—it’s a fast, convenient and secure mobile experience.

Don’t have our Mobile Banking app yet? Download it today, so you can bank easily from anywhere.


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Take a look at our other tax-free options

Tax-Free Investment Fund Account

Your Investment growth is tax-free.

Tax-Free Guaranteed Investments (GIC)

Enjoy one of the best interest rates going and save tax-free, without any fees or service charges.