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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.

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What 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  • Access your money for any reasonLegal Disclaimer4 —withdrawn amounts are added back to your available contribution room for later years
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Benefits of an RBC InvestEase TFSA

  • A team to manage your investments
  • Flexible, tax-efficient way to save
  • Advice when you need it

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.

Learn more about how RBC InvestEase works.
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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.

See More FAQs
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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.