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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.

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Investment rates can depend on when you need your savings and your investment choices.

Investment Choices

What is your comfort with short term market fluctuations?

Possible rate

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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.

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Every year you get new contribution room, allowing you to save more.

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How often?

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Tax rates vary based on your province or territory.

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We'll use this to calculate how much you'll save in taxes with a TFSA.

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TFSA Contribution Limit History
YearTFSA Annual Limit
2009$5,000
2010$5,000
2011$5,000
2012$5,000
2013$5,000
2014$5,000
2015$5,000
2016$5,000
Close
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If you invested in a TFSA instead of a non‑registered plan, your tax savings would be:

$549

after 10 years
Taxable Investment
TFSA

TFSA

Taxable

Open your TFSA today

In person

Visit your Scotiabank branch
Make an appointment

By phone
1-800-268-9269

(Canada/USA)
Mon-Fri (8am – 8pm)

1(800) 268-9269
(Canada/USA)
Mon-Fri (8am – 8pm)

Online

Log in to Scotia OnLine® or Scotia iTRADE®to open your account

See how your investments will grow over time!

See how a TFSA can help you reach your goals sooner with a personalized video.

View Video