† Interest is calculated on the full daily closing balance and is paid monthly. The interest rates quoted are annual rates. The Regular Interest Rate may change at any time without prior notice.

1 The age of majority is 19 in British Columbia, Nova Scotia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nunavut and Yukon. It is 18 in the other six provinces. 

2 Withdrawals made in the previous year does not include withdrawals made to correct over-contributions.

3 If you overcontribute to your TFSA, the extra amount will be taxed at 1% for every month it’s in your TFSA.

4 This does not apply to withdrawals to correct over-contributions.

® Registered trademark of CIBC. CIBC Cube Design & “Banking that fits your life.” are trademarks of CIBC.

Trademarks