TFSAs

A TFSA is more than a regular savings account. 

TFSA's are a great way to save for both short and long term goals such as for a vehicle purchase, the vacation you have been dreaming of, and especially your retirement goals. 

The annual TFSA limit for 2021 is $6,000. For full details about your contribution limit, please visit the CRA website

"Put money aside every paycheque."


Baljeet Thabal
Financial Services Advisor & Mutual Funds Investment Specialist

Compare our Investment Options



You want to earn a higher rate of interest and have the freedom to access your funds if you need them. 
Term Length 12 Months
Minimum Deposit $1,000
Additional Deposits (through your Financial Advisor)*
Yes
Automatic Renewal Yes
Redemption
Redeemable in full after 90 days without penalty - No interest paid if redeemed within first 90 days.
Withdrawals
Withdrawals can be made at any time after 90 days.
Minimum withdrawal -$1,000
$1,000 minimum balance must be maintained
Interest Paid
Monthly** or Annually into Term Deposit or to a demand account 

*Conditions may apply. Speak to your Financial Advisor.
**Monthly interest offered at a reduced rate. Restrictions apply.
Are you wanting to save for your future? Or tuck away funds for that special occasion like a vacation? Our Easy Builder is a great option! 
Term Length 12 Months or 18 Months
Minimum Initial Deposit $100.00
Minimum Deposit $1,000 to be reached at end of 18 month term
Additional Deposits (through your Financial Advisor) Any time, Any amount
Pre-authorized Deposits
Yes 
A minimum of $50.00 pre-authorized deposit must be set up
Automatic Renewal Yes
Redemption No
Interest Paid Annually into investment or to a demand account 

Lock-in your funds and earn a higher interest rate. 
Term Length 12 to 60 months*
Minimum Deposit $1,000
Automatic Renewal Yes
Redemption No
Interest Paid
Monthly** or Annually into Term Deposit or to a demand account 

*Flexibility offered.
**Monthly interest offered at a reduced rate. Restrictions apply.
Index/Equity-Linked TFSAs have the potential to achieve a higher rate of return, with the comfort of knowing that there is no risk to your principal balance. You can view the performance and other information on these investments here.

Choose from: 
MARKETFLEX® Index-Linked TFSA
A smart way to participate in the Canadian stock market. The return on investment is linked to the performance of the S&P/TSX60® Index.

NORTH AMERICAN BASKET™ Equity-Linked TFSA
Investing in the foreign market. The return on this investment is linked to the performance of 12 Canadian and U.S. companies.

PRAIRIES BASKET™ Equity-Linked TFSA
Let the success of prairie industry work for you! The return is linked to the performance of a basket of 13 prairie company stocks.
Term Length 36 and 60 months
Minimum Deposit $1,000
Automatic Renewal No
Redemption No
Interest Paid
Into TFSA at end of term

The Variable TFSA is a cashable tax free investment with a competitive variable interest rate.  This flexible investment allows you to deposit or redeem at any time.
  • No minimum balance required
  • Free deposits
  • Access to a portion or your entire balance at any time
  • Tiered interest rate
  • One free withdrawal per month - $5.00 per withdrawal after

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Resources


We know how important your financial wellness is.
Visit Cornerstone's Knowledge Centre for resources, articles, tips and tricks that can help make things
easier 
when it comes to your financial health.

What is a TFSA?

While many Canadians have Tax-Free Savings Accounts (TFSAs), there is still a lot of confusion around what they are actually for. Let’s clear up a common misconception: the TFSA is not designed to be just a simple cash savings account.

10 Ways to Improve Your Finances

If you feel your finances need first aid, you're not alone. Over half of Canadians are living paycheque to paycheque and over a third of them have no retirement savings. 

RRSP vs TFSA

At some point in your life you have probably heard about an RRSP as well as an TFSA.
Let's explore the difference between the two.

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