The best TFSA GIC rates
Compare GICs
Rates updated:
Featured
$288 total return based on$5,000 investment- Term
- 1 Year
- Type
- TFSA
- Minimum investment
- $1,000
Featured
$275 total return based on$5,000 investment- Term
- 1 Year
- Type
- TFSA
- Minimum investment
- $1,000
Featured
$273 total return based on$5,000 investment- Term
- 1 Year
- Type
- TFSA
- Minimum investment
- $100
TD Bank
$268 total return based on$5,000 investment- Term
- 1 Year
- Type
- TFSA
- Minimum investment
- $1,000
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The best overall GICs in Canada
FAQ
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?

Natasha Macmillan, Business Unit Director - Everyday Banking
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.
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