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Save for absolutely anything, tax-free.
Open and fund your accountLegal Disclaimer1—we’ll take care of buying and managing your investments for you.
Open an Account Open an AccountWhat is a TFSA?
A TFSA is a registered investment plan you can use to grow your savings without having to pay taxes on the money you earn or take out.Legal Disclaimer2 At RBC InvestEase, the money you put in your TFSA will be invested in a professionally-built portfolio of exchange-traded funds (ETFs) that we manage for you.
Highlights of the TFSA:
- Pay $0 tax on investment earningsLegal Disclaimer2
- Contribute up to $7,000 a year, plus carry forward previously unused contribution roomLegal Disclaimer3
- Contribute for as long as you want to—you don’t have to close your account at a certain age
- Make up for missed contribution room from previous years indefinitely
- Access your money for any reasonLegal Disclaimer4 —withdrawn amounts are added back to your available contribution room for later years
Benefits of an RBC InvestEase TFSA
- A team to manage your investments
- Flexible, tax-efficient way to save
- Advice when you need it
- Access on the RBC Mobile appLegal Disclaimer5
- Low fees to save you money
- Easy to set up ongoing deposits
See How Easy It Can Be to Save for Your Future
At RBC InvestEase, we pick, buy and manage the investments in your TFSA so you don’t have to.
The first step to opening an RBC InvestEase TFSA is to share some info so that we can match you with the right professionally-built investment portfolio to hold in your TFSA. We’ll ask you about:
- Your investing timeframe
- How much you plan to invest
- Your feelings about risk
Your portfolio will contain low-cost exchange-traded funds (ETFs) and align with the goal and risk comfort level you share with us. All of our portfolios come with two options to select from—a Standard Portfolio and a Responsible Investing Portfolio. Learn more about our ETF portfolios.
After accepting your portfolio recommendation and choosing either the Standard or Responsible Investing Portfolio, you can finish opening your account and make your first deposit to your TFSA. We’ll automatically invest your money when your balance reaches $100 or moreLegal Disclaimer1.
Since the money you earn from investments you hold in a TFSA (interest, dividends or capital gains) is not taxed, it has the opportunity to grow faster than it would in a non-registered account.
To transfer money to your TFSA or check your progress, simply log in to your RBC InvestEase dashboard. (If you’re an RBC client, you can also access your account from Online BankingLegal Disclaimer5 and the RBC Mobile appLegal Disclaimer5.) Plus, you can set up ongoing deposits (weekly, monthly, etc.) into your TFSA to save without even having to think about it.
Our Portfolio Advisors will keep an eye on your investments and rebalance your portfolio as needed to help you stay on track toward your goal. Plus, you can reach out at any time if you have questions or need a little advice.
One of the best things about the TFSA is that you don’t have to pay tax on the money you withdraw. While you can take money out of your TFSA for any reason (a car, your wedding, retirement, etc.), keep in mind it will take up to 5 to 7 business days after you submit your withdrawal request for your funds to become availableLegal Disclaimer4.
TFSA FAQs
You can save for anything you want in a Tax-Free Savings Account (TFSA) at RBC InvestEase. When you need to use your savings, you can withdraw them, tax-free, for any reason.
A Tax-Free Savings Account (TFSA) at RBC InvestEase may be ideal if you want a quick and easy investing experience. Unlike do-it-yourself (DIY) investing, we pick, buy and manage the investments in your TFSA for you.
You can use a TFSA to save for anything from a vacation next year to longer-term goals like retirement.
No, we do not notify you if you’re approaching your Tax-Free Savings Account (TFSA) contribution limit. One reason why is because you can hold more than one TFSA at different financial institutions. (Note that your contribution room is the same whether you have one, two or more TFSAs.)
You can find your available TFSA contribution room by logging in to your Canada Revenue Agency (CRA) account. You are responsible for ensuring you don’t overcontribute to your TFSA.
There are no fees to withdraw funds from your Tax-Free Savings Account (TFSA) at RBC InvestEase.
If you’d like to withdraw funds from your account, sign in to RBC InvestEase and click on “Move Money” from the top menu and then select “Withdraw”.
If you want to transfer money from your TFSA at InvestEase to a TFSA at another financial institution, the standard transfer fee of $150 plus applicable sales tax will apply.
Withdrawing money from your TFSA may have implications for your TFSA contribution room in the year in which the funds are withdrawn. To learn more about withdrawing funds from your TFSA please see below:
Related Topics
RBC InvestEase is a restricted portfolio manager providing access to model portfolios consisting of RBC iShares ETFs with each model portfolio holding up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada have entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs.
Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.
The services provided by RBC InvestEase are only available in Canada.
Legal Disclaimer1
Your money will not be invested until your account balance reaches $100 or more. Small balances (less than $1,500) may be allocated to a Small Balance portfolio that invests in a limited selection of RBC iShares ETFs and/or cash. Our Small Balance portfolios follow similar risk profiles to our Standard Portfolios while investing in fewer RBC iShares ETFs.
Legal Disclaimer2
Assets in a TFSA must be Qualified Investments under the Income Tax Act. If the TFSA holds non-Qualified Investments, it could be subject to tax.
Legal Disclaimer3
Your available contribution room can be found at https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html
Legal Disclaimer4
While you can take money out of a TFSA for any reason, your timing does depend on the investments you hold in it. Since RBC InvestEase invests your money in a portfolio of ETFs, withdrawing your money is straightforward. After submitting your request for a withdrawal, it will take up to 5 to 7 business days for your funds to become available. During this time, depending on your withdrawal amount, some or all of your investments will be sold to fund your requested withdrawal. (The value of your investments may vary based on market fluctuations.)
Legal Disclaimer5
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. RBC Online Banking is provided by Royal Bank of Canada.
Registered Investment Account
Registered investment accounts offer unique tax advantages to help you save for the future. The features, benefits and rules for registered accounts are determined by the Government of Canada.
Registered Investment Plans
Registered investment plans offer unique tax advantages to help you save for the future. The features, benefits and rules for registered plans are determined by the Government of Canada.
With the federal government's Home Buyers' Plan, you can use up to $35,000 of your Registered Retirement Savings Plan (RRSP) savings ($70,000 for a couple) to help finance your down payment on a home.
To qualify, the RRSP funds you're using must be on deposit for at least 90 days. You must also provide a signed agreement to buy or build a qualifying home.
The best part is the withdrawal is not taxable as long as you repay it within a 15-year period. The payback amount is at least one-fifteenth a year of the amount you withdrew from your RRSP.
ETFs are designed to hold stocks and bonds in a single container. That container is a fund you can buy.
While they're similar to mutual funds, ETFs don't have investment minimums. Also, an ETF can offer more trading flexibility since it trades on an exchange (like a stock) throughout the day, with prices fluctuating continuously.
In the world of investing, balance is having the right mix of investments (or assets) in your portfolio to help reach your goals.
Over time, deposits, withdrawals and performance can cause your portfolio to drift from its original mix. To help keep your portfolio on track, we will buy or sell the appropriate exchange-traded funds (ETFs) to rebalance your portfolio.
An investment portfolio is a container that holds all your investments...like stocks, ETFs, mutual funds and cash.
At RBC InvestEase, our portfolios are made up of ETFs and cash.
An asset class is a grouping of investments that share similar features. Stocks (equities) and fixed income investments, such as bonds, are two of the main types of asset classes. Cash and cash equivalents is the third most common type of asset class.
The Management Expense Ratio (MER) includes a few different costs:
- Annual management fee: Paid to the fund manager for acting as a trustee and manager.
- Operating expenses: Covers fees to comply with regulatory requirements and fees payable to the ETF’s board of governors.
- Taxes: These are the sales taxes on management and administration fees charged to the fund.
Investment funds pay investment fund managers a fee for managing their funds. You are not directly charged the management fee. But, these fees affect you because they reduce the amount of the fund’s return to you. Information about management fees and other charges to your investment funds is included in the prospectus or fund facts document for each fund.
See our FAQs for a detailed explainer.
Régime de placement enregistré
Les régimes de placement enregistrés offrent des avantages fiscaux uniques qui vous aident à épargner pour l’avenir. Les caractéristiques, les avantages et les règles applicables aux régimes enregistrés sont établis par le gouvernement du Canada.
Régime de placement enregistré
Les régimes de placement enregistrés offrent des avantages fiscaux uniques qui vous aident à épargner pour l’avenir. Les caractéristiques, les avantages et les règles applicables aux régimes enregistrés sont établis par le gouvernement du Canada.
Grâce au Régime d’accession à la propriété du gouvernement fédéral, vous pouvez puiser jusqu’à 35 000 $ dans votre Régime enregistré d’épargne-retraite (REER) (70 000 $ pour un couple) pour effectuer la mise de fonds sur votre première maison.
Pour utiliser les fonds de votre REER, ceux-ci doivent y avoir été déposés depuis au moins 90 jours. Vous devez avoir signé un contrat d’achat ou de construction d’un logement admissible.
Le grand avantage de cette option est que le retrait n’est pas imposable à condition que vous le remboursiez dans un délai de 15 ans. Le montant du remboursement annuel doit être d’au moins un quinzième du montant retiré de votre REER.
À l’instar des piscines, les FNB sont des structures ou des contenants. Tandis que les parois de la piscine servent à contenir l’eau, les FNB servent à détenir des actions et des obligations au sein d’un même contenant. Ce contenant est en fait un fonds dont vous pouvez acheter des parts.
Les FNB ressemblent aux fonds communs de placement, sauf qu’ils ne requièrent aucun placement minimal. De plus, les FNB offrent davantage de souplesse au chapitre des opérations, car ils se négocient en bourse toute la journée, et les prix fluctuent constamment.
Vous savez que le fait de manger des fruits, des légumes, des protéines et des glucides sains favorise une alimentation équilibrée. Dans le monde des placements, on obtient cet équilibre en ayant une composition de l’actif qui aide à atteindre ses objectifs.
Au fil du temps, la composition de votre portefeuille peut changer en raison des dépôts, des retraits et des rendements. Pour vous aider à garder votre portefeuille sur la bonne voie, nous achèterons ou vendrons les FNB pertinents pour le rééquilibrer.
Une catégorie d’actifs est un regroupement de placements dont les caractéristiques sont semblables. Les actions (titres) et les placements à revenu fixe, comme les obligations, sont deux des principales catégories de titres. Les espèces et quasi-espèces sont la troisième catégorie de titres en importance.
Le portefeuille de placement est le contenant qui renferme tous vos placements… comme des actions, des FNB, des fonds communs de placement et des liquidités.
Les portefeuilles de RBC Investi-Clic sont composés de FNB et de liquidités.
Le ratio des frais de gestion (RFG) englobe plusieurs frais :
- Frais de gestion annuels : Rémunération payable au gestionnaire de fonds pour agir à titre de fiduciaire et de gestionnaire.
- Frais d’exploitation : Frais qui comprennent les frais liés au respect de la réglementation nationale et la rémunération payable au conseil des gouverneurs des FNB.
- Taxes : Taxes de vente applicables sur les frais de gestion et d’administration qui sont facturés à chaque fonds.
Les fonds de placement paient des frais aux gestionnaires de fonds. Ces frais de gestion ne vous sont pas facturés directement. Ils vous concernent toutefois, car ils viennent réduire le rendement de vos placements. Des renseignements sur les frais, dont les frais de gestion, sont fournis dans le prospectus ou le document Aperçu du fonds de chaque fonds.
Vous trouverez une explication plus détaillée dans notre FAQ.