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Reach your goals​ faster with a TFSA

A Tax-Free Savings Account (TFSA) will help you save money for short and long-term goals. Because it’s tax-free, you pay no taxes on the interest or investment income earned.
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Members are responsible for knowing and not exceeding their personal contribution limits.
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Earn 5.00%* Interest With Our Early Bird TFSA Saver GIC

Get Started

*Conditions apply.

 

Enjoy the benefits of a TFSA

  • Grow your money – Because your TFSA is tax-free, your earnings will be tax sheltered.
  • No age limit – Unlike the RRSP, you can contribute to your TFSA for as long as you’d like.
  • Use it for short and long-term goals – You don’t have to repay a TFSA withdrawal.
  • Carry over withdrawals – Any withdrawal you make adds extra contribution room the following year.
  • Carry over unused room – Couldn't contribute this year? Carry forward the unused room to future years.
  • It can hold a number of investments – Term deposits, mutual funds, stocks and bonds included.
 

What we offer:

  • High interest savings - withdraw at any time and make saving easy by setting up scheduled automatic transfers into your TFSA.
  • Term Deposits - you can invest your money for a term of 1 - 5 years.
  • Invest in mutual funds* through our partner Aviso Wealth (formerly Credential Asset Management Inc.) or use our online brokerage* partner Qtrade Direct Investing™ 
  • Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA)

Things to remember: 

  • Total contribution limits from the introduction of TFSAs in 2009 through 2024 should not exceed $95,000.
  •  Eligible for Canadians, 18 years old or older.

 

 
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Registered Product Transfer

Get up to $3,000 CASH BACK

Transfer your registered product to Northern Birch and get 1% cash back up to $3,000, plus up to $150 in transfer fees covered.**

Contact Us Today

**Conditions apply.

 

​Ready to put the power of investing to work for you?

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Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing and Aviso Wealth are divisions of Aviso Financial Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

 
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Whether you're saving for retirement, a new car or a dream vacation, let us help you maximize your savings.

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Our TFSA Calculator will help you figure out how much you could save for your life goals when you invest in a Tax-Free Savings Account.

 

Determining your TFSA contribution limit, opens in a new tab

Read more about how to understand and maximize your TFSA limits.

ABCs of RRSPs, opens in a new tab

Discover the benefits of other investment options, like an RRSP.
 
 

**1% Transfer-In Cash Back Bonus Offer

Members who transfer an existing registered product from another financial institution into Northern Birch Credit Union are eligible for a 1.00% cash back bonus on the transferred balance, up to a maximum payout of $3,000.

Eligibility & Minimums: "New money/funds" refers to eligible registered funds transferred directly from another financial institution that were not previously held with Northern Birch Credit Union. A minimum one-time transfer amount of $10,000 into a new or existing Northern Birch Credit Union registered product (including TFSA, RRSP, FHSA, RRIF) is required to qualify.

Bonus Claim & Holding Period: Promo code TRANSFERINBONUS2026 must be specified at the time of transfer initiation. The full transferred deposit balance must remain within the designated registered product at Northern Birch Credit Union through June 30, 2027. The transfer-in must be initiated before December 31st, 2026.

The cash back bonus will be credited to the member's active Northern Birch Credit Union chequing or savings account after June 30, 2027. Baseline balances as of the promotion start date will be used to establish net new fund eligibility.

This promotion is subject to change at any time without prior notice.

Transfer Fee Reimbursement:

Northern Birch Credit Union may reimburse members up to $150 for transfer fees charged by the transferring financial institution, paid to an active chequing or savings account upon receipt of valid proof of fee assessment. This reimbursement is on eligible transfers-in of $10,000 or more. This fee will be reimbursed once the transferred-in funds are received by Northern Birch Credit Union.

This promotion is subject to change at any time without prior notice.