See How Much You Could Save
The Scotia Tax Free Savings Account (TFSA) is a great way to save. All the income (interest, dividend and capital gains) earned in your Scotia TFSA are tax-free for life. See how much you can save with a TFSA.
The longer you save, the more you can earn.
This is an error.
Investment rates can depend on when you need your savings and your investment choices.
This is an error.
If you have some money set aside, putting that into your TFSA is a great way to get started - as long as it doesn’t exceed your contribution limits.
This is an error.
Every year you get new contribution room, allowing you to save more.
This is an error.
Tax rates vary based on your province or territory.
This is an error.
We'll use this to calculate how much you'll save in taxes with a TFSA.
This is an error.
Year | TFSA Annual Limit |
---|---|
2009 | $5,000 |
2010 | $5,000 |
2011 | $5,000 |
2012 | $5,000 |
2013 | $5,500 |
2014 | $5,500 |
2015 | $10,000 |
2016 | $5,500 |
2017 | $5,500 |
2018 | $5,500 |
2019 | $6,000 |
2020 | $6,000 |
This is an error.
This is an error.
This is an error.
This is an error.
This is an error.
This is an error.
If you invested in a TFSA instead of a non‑registered plan, your tax savings would be:
TFSA
Taxable
The longer you save, the more you can earn.
Investment rates can depend on when you need your savings or how you invest them.
If you have some money set aside, putting that into your TFSA is a great way to get started as long as it doesn’t exceed your contribution limits.
Every year there is new contribution room allowing you to save more.
We'll use this to calculate how much tax you can save with a TFSA.
Tax rates vary based on your province or territory.
Visit your Scotiabank branch
Make an appointment
Log in to Scotia OnLine® or Scotia iTRADE®to open your account