GICRateCompare.com
TFSA GICs

TFSA GIC Rates in Canada

A GIC held inside a Tax-Free Savings Account earns interest that is not taxed, provided contribution rules are respected. Compare fixed-term options that may be available for TFSA funds.

Last updated: August 18, 2026 · Reviewed by GICRateCompare editorial team

Compare GIC OptionsView all GIC rates

GICRateCompare.com is free for consumers. We may receive compensation from participating providers, deposit brokers or representatives when users connect with them through our service.

Fixed-term options currently under review

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.

Rates last reviewed: August 18, 2026All options shown are fixed-term, non-redeemable GICs.
Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.
GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.
How we collect and verify rates
Available through participating provider
Bank · Non-redeemable
5.35%
Fixed · indicative
5 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA, Corporate
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Available through participating provider
Broker · Non-redeemable
5.25%
Fixed · indicative
4 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, Corporate, Trust, Estate
Deposit protection
Any coverage applies per issuer

Last verified August 18, 2026

Available through participating provider
Credit Union · Non-redeemable
5.15%
Fixed · indicative
3 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, RESP
Deposit protection
Provincial credit-union coverage may apply

Last verified August 18, 2026

Available through participating provider
Bank · Non-redeemable
5.05%
Fixed · indicative
2 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, Corporate
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Available through participating provider
Trust Company · Non-redeemable
4.95%
Fixed · indicative
1 year
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Why savers hold GICs in a TFSA

  • Interest earned inside a TFSA is not taxed, unlike interest in a non-registered account.
  • Withdrawals are not taxed, though a non-redeemable GIC must still reach maturity first.
  • Withdrawn amounts are added back to contribution room in the following calendar year.

What to check before opening a TFSA GIC

  • Your available TFSA contribution room, published each year by the Canada Revenue Agency.
  • Whether the institution accepts a direct TFSA transfer rather than a withdrawal and re-contribution.
  • Whether the specific product is offered for registered accounts — not all are.
  • Any minimum deposit that applies to the term you want.

Before you proceed

Account registration rules are set by the issuing institution and the Canada Revenue Agency, not by GICRateCompare.com. Confirm contribution room, transfer procedures and product eligibility before moving funds.

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market, but they are not offered through this service.

Common questions

Is interest from a TFSA GIC taxable?

Interest earned within a TFSA is generally not taxable, provided contribution limits are respected. Confirm your own position with a qualified tax professional.

Can I transfer an existing TFSA to another institution?

Most institutions accept a direct TFSA transfer. Using a direct transfer rather than withdrawing and re-contributing helps avoid over-contribution issues.

Can I withdraw a TFSA GIC early?

Non-redeemable GICs generally must be held to maturity, even inside a TFSA. The tax treatment and the product's redemption terms are separate matters.

Where a suitable option is identified, a participating provider, deposit broker or licensed representative may contact you to discuss available GIC options.

Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.

Compare GIC OptionsHow we review rates
Free review · No obligation
Check Current Options