Choose province (Canada) or state (United States), and language

Online services – AccèsD, AccèsD Affaires, online brokerage, full service brokerage.

Log on to Desjardins online services.

Your browser is configured to not accept cookies. Some features of the site are not available or will not work correctly without cookies. Also, some information presented might not apply to your situation.
See How to enable cookies

Your browser is not supported by our website. Some features of the site are not available or will not work correctly.
See the procedure to update your browser.

Microsoft Edge causes problems on AccèsD. To fix the issue, please install the most recent Windows update.

Understanding TFSAs

Tax-Free Savings Accounts (TFSAs) have been quite successful since their inception in 2009. However, people aren't always fully aware of how they work, so here are some facts:

  • Who can contribute to a TFSA? Any Canadian resident over the age of 18.
  • How much can I contribute? ? Up to $5,000 per year from 2009 to 2012, $5,500 for 2013 and 2014, $10,000 for 2015 and $5,500 for 2016 and 2017.
  • Are my contributions tax deductible? No.
  • Is TFSA income taxable? No.
  • Are my withdrawals taxable? No.

To find out more, go to Comparing TFSAs and RRSPs.

TFSAs are perfect for:

  • saving up for important projects (trips, renovations)
  • covering unexpected expenses (emergency funds)
  • getting tax-free investment income

Be careful. If you withdraw from and contribute to your TFSA in 2017, make sure that your total 2017 contributions do not exceed the allowed limit, as you cannot redeposit the withdrawn amounts in your TFSA until 2018.

Important: A 1% monthly tax applies to all contributions exceeding the eligible amount.

Tools and tips

Essential questions about TFSAs

16 questions about TFSAs.

Read tip - Essential questions about TFSAs

Should you invest your savings in an RRSP or in a TFSA?

This depends on what you want to do with your money.

Read tip - Comparing TFSAs and RRSPs

The Desjardins Personal Financial Index

Measure your financial skills and knowledge.

My index - Budgeting, debts, savings, insurance...
My index 2 - Have you taken control of your finances?
My index 3 - Spending, saving, protecting your assets...

Stay connected

Whether you’re an individual member, experienced investor or business owner, sign up for our monthly newsletters that offer you a summary of the best content prepared by Desjardins experts.

Sign up