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TFSA numbers you need to know

CA$102,000

Total contribution limit if you were
18 or older in 2009

CA$7,000

TFSA contribution room for 2025

18+

Open an account with a
valid SIN

Open a TFSA
TFSA
vs
RRSP
What's the difference?
TFSA
RRSP
Contribution limitCA$7,000 for 202518% of previous year's
income, up to CA$32,490
Contribution
deadline		December 31 but
can carry forward		60 days after December 31
Tax-deductible
WithdrawalsTax-freeTaxed as income
(with exceptions)
Spousal plan

Save up to 90% on costs
trading US stocks

coin
  • US Stocks
    US0.99¢/share
    min. US$1.99/trade
    US ETFs
    US0.99¢/share
    min. US$1.99/trade
    US Options
    US$0.65/contract
    min. US$1/order
  • Account Fees

    US$0 account fees

    US$0 withdrawal fees

    FX Fees
    As low as
    0.09% + US$2/transaction
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advanced tools

  • Earnings Calendar
    Save your favorite stocks' earnings date in your calendar for timely notifications.
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    Analyze fundamentals with visualized statements and earnings projections.
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    Monitor which stocks are being shorted with up-to-date short-selling data.
Explore Our Features

Popular US stocks to consider
this tax season

Top 10 S&P 500 Stocks

The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and covers approximately 80% of available market capitalization. The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and covers approximately 80% of available market capitalization.

Apr 25 19:17 ET

AAPLApple
209.280
+0.910
+0.44%
Price
209.280
+0.910
+0.44%
Market Cap
3.14T
Log In for the Full List
MSFTMicrosoft
391.850
+4.550
+1.17%
Price
391.850
+4.550
+1.17%
Market Cap
2.91T
Log In for the Full List
NVDANVIDIA
111.010
+4.580
+4.30%
Price
111.010
+4.580
+4.30%
Market Cap
2.71T
Log In for the Full List
AMZNAmazon
188.990
+2.450
+1.31%
Price
188.990
+2.450
+1.31%
Market Cap
2.00T
GOOGAlphabet-C
163.850
+2.380
+1.47%
Price
163.850
+2.380
+1.47%
Market Cap
1.99T
Dividend Kings in Canada

Canada's Dividend Kings are companies that have increased their dividend per share for the most consecutive years, reflecting a resilient business model and strong financials. These companies are likely to outperform the market with less volatility. Canada's Dividend Kings are companies that have increased their dividend per share for the most consecutive years, reflecting a resilient business model and strong financials. These companies are likely to outperform the market with less volatility.

BCEBCE Inc
30.030
-0.450
-1.48%
Price
30.030
-0.450
-1.48%
Dividend TTM
3.99
Div YieldTTM
13.29%
Log In for the Full List
TTELUS Corp
20.760
-0.080
-0.38%
Price
20.760
-0.080
-0.38%
Dividend TTM
1.56
Div YieldTTM
7.50%
Log In for the Full List
BEP.UNBrookfield Renewable Partners LP
31.310
0.350
+1.13%
Price
31.310
0.350
+1.13%
Dividend TTM
2.04
Div YieldTTM
6.52%
Log In for the Full List
BNSBank of Nova Scotia
67.650
0.340
+0.51%
Price
67.650
0.340
+0.51%
Dividend TTM
4.24
Div YieldTTM
6.27%
ENBEnbridge Inc
64.010
-0.240
-0.37%
Price
64.010
-0.240
-0.37%
Dividend TTM
3.66
Div YieldTTM
5.72%
RRSP contribution countdown: Seize your last chance!
March 3rd, 2025 is the last day to make RRSP contributions for the 2024 tax year. Learn more about making RRSP Contributions. Show More
When you invest, is tax important to you?
90%
10%
Sure
Not really
1767 votes
View More

How do I open a TFSA?

Follow these easy steps to reach your financial goals!

Step 1:Open Account
Step 2:Deposit
Step 3:Invest
Submit your application
with your personal and financial details.
Open Account
Open a TFSA

TFSA frequently asked questions

What is a TFSA?

A Tax-Free Savings Account (TFSA) is a flexible investment and savings option available to Canadian residents that allows your money to grow tax-free. Introduced in 2009, the TFSA lets you contribute a certain amount each year, and any income earned, whether from interest, dividends, or capital gains, is not subject to taxes, even when withdrawn. Read our comprehensive guide of TFSA: What Is a TFSA?

Who is eligible for a TFSA?

Canadian residents with a valid SIN who are at least 18 years old or the age of majority in their province or territory can open a TFSA.

What are the benefits of a TFSA?

Tax-Free Growth: Investment income in a TFSA isn't taxed, boosting your savings.
Flexible Withdrawals: Withdraw anytime without taxes for emergencies or needs.
Contribution Room: You can recontribute the amount you withdrew in the following year. You can carry-forward your unused contribution room.
For more TFSA benefits, read: Six Key Benefits of a TFSA You Should Know

What is the lifetime limit for TFSA?

As of 2025, the lifetime TFSA contribution limit is CA$102,000 for those who were 18 or older in 2009. If you turned 18 after 2009, your contribution room accumulates from the year you became eligible, based on the annual limits. For more information, please see our detailed guide: TFSA Contribution Limit 2025

Is TFSA tax deductible?

No, TFSA contributions aren't tax-deductible, meaning they don't reduce your taxable income. However, the benefit lies in tax-free growth and withdrawals, as earnings within the account aren't taxed, and you can withdraw funds anytime tax-free.

Do you pay tax on TFSA withdrawals?

No, TFSA withdrawals are tax-free. Any income earned in the account, like interest, dividends, or capital gains, isn't taxed, and you can withdraw money anytime without tax penalties.

Can I transfer my TFSA to moomoo?

Yes, you can transfer your TFSA to moomoo with ease. Moreover, you will get amazing rewards by transferring your eligible assets to moomoo! For more information, please see: Transfer for Smart Investing and Get Cash Rewards!

Learn more about TFSA

TFSA (Tax-Free Savings Account) in Canada: Everything You Need to Know?

TFSA (Tax-Free Savings Account) in Canada: Everything You Need to Know?

Read More >
Should I Put US Stocks in TFSA or RRSP?

Should I Put US Stocks in TFSA or RRSP?

Read More >
TFSA vs RRSP vs FHSA: What Are the Differences?

TFSA vs RRSP vs FHSA: What Are the Differences?

Read More >

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