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“I Want to Save for My Someday”

Whatever your Someday™ is—a new car, a cruise, home renovations or retirement a Tax-Free Savings Account (TFSA) is a flexible way to save for it without paying tax on the income you earn.

Benefits of Opening a TFSA With Us

  • Choose from a range of investments from stocks, exchange-traded funds (ETFs) and options to guaranteed investment certificates (GICs), mutual funds (including low-cost Series D), bonds and more.
  • Save for the short or long-term by building a diversified portfolio that matches your goals.

Hold and Settle in U.S. Dollars

Hold and settle trades in U.S. and Canadian dollars and save on foreign exchange fees.

Find Stocks Based On Your Interests

Find stocks that match your personal interests with Lifestyle Stock Screeners, developed by Morningstar exclusively for our clients.

Set and Track Your Goals

Use our Goal Setting tool to track your savings progress within your TFSA.

Choosing between an RRSP or TFSA

An RRSP is the go-to choice for most investors saving for retirement. A TFSA can be used to save for any purpose—including retirement or short-term goals. With a TFSA, you can invest while earning income on qualified investments, tax-free, and contribute or withdraw funds at any time.

Read Related FAQs

“I want to save without even thinking about it.”

Make your TFSA contributions the easy way with a Pre–Authorized Contribution Plan. Once the money is in your account, you’re ready to start investing the way you want.

Pre-Authorized Contributions

“I want to make the most of my TFSA.”

Connect with like-minded investors on their investments, see what they hold and learn about their investing approach in the Community1.

The Community

I’m Ready to Get Started With RBC Direct Investing

Open an account online or try out our actual investing site — not a demo — with a practice account.