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The best TFSA GIC rates

A TFSA GIC helps your savings grow tax free. Here are our picks for the best TFSA GIC rates in Canada.

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Rates updated:

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GICs for a term of
with a balance of
  1. Featured

    5.20%$260 total return based on$5,000 investment
    1 Year
    Minimum investment
  2. Featured

    5.15%$258 total return based on$5,000 investment
    1 Year
    Minimum investment
  3. Featured

    4.80%$245 total return based on$5,000 investment
    1 Year
    Minimum investment
  4. Achieva Financial

    5.30%$265 total return based on$5,000 investment
    1 Year
    Minimum investment

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The best overall GICs in Canada


What is a tax free savings account?

How does a GIC TFSA withdrawal work?

Can any GIC be held in a TFSA?

Are registered GICs taxed?

Investing your TFSA

Investing within a Tax Free Savings Account (TFSA) can be a powerful strategy for Canadians looking to grow their wealth while minimizing taxes. TFSAs can be used as an investment account and your investment strategy within a TFSA should align with your overarching financial goals. Are you saving for retirement, a major purchase, or just building long-term wealth? 

 TFSAs offer a wide range of investment options, including:

  • Guaranteed investment certificates (GICs)
  • Bonds
  • Stocks
  • Exchange-traded funds (ETFs)
  • Mutual funds

Determining your financial objectives will help you select the right investment vehicle for your TFSA. 

It is also important to stay within your annual TFSA contribution limits. Over-contributing to your TFSA can result in penalties and tax implications. 

Compare more TFSA and RRSP accounts

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