You can earn Tax-Free interest on Israel bonds and turn your Tax-Free Savings Account into a Tax-Free INVESTMENT Account!
You can earn Tax-Free interest on Israel bonds and turn your Tax-Free Savings Account into a Tax-Free INVESTMENT Account!

Don't just save your money in your TFSA. INVEST in Israel bonds and you can earn tax‑free interest income*

Your TFSA is more than a cash account. It can be structured so you can invest in various securities, including Israel bonds.

With a Tax-Free Savings Account, Canadian residents age 18 and older can deposit amounts approved by the Government of Canada each year without being taxed on investment income.

New for 2023: the Government of Canada may allow you to contribute up to CAD $88,000 in your Self-Directed TFSA.

Source: https://www.canada.ca/en/revenue-agency/services/tax/registered-plans-administrators/pspa/mp-rrsp-dpsp-tfsa-limits-ympe.html

Add Israel bonds to your Self-Directed Tax-Free Savings Account and benefit from:

  • Choices of maturity options (1, 2, 3, 5, 10 and 15 years)
  • Currency choices (CAD and USD)
  • Fixed rates of return with semi-annual interest payments

Please note: full service brokerage or discount brokerage firms can hold Israel bonds.

  • The registered plans must be Self-Directed
  • The required funds must be readily available before the Israel bonds order is placed

TFSA dollar limit

Year(s) TFSA Annual Limit
For 2023: $6,500
For 2019 to 2022: $6,000
For 2016 to 2018: $5,500
For 2015: $10,000
For 2013 and 2014: $5,500
For 2009 to 2012: $5,000

*Interest earned on Israel bonds in a TFSA is tax-free. This does not constitute tax advice. Please consult with your financial/tax advisor should you have any tax-related questions.

Israel Bonds/Canada-Israel Securities, Limited does not give tax advice. Israel Bonds are eligible for Self-Directed Tax-Free Savings Accounts and Self-Directed RRSPs. According to CRA, your TFSA contribution room is calculated based on your cumulative TFSA room since 2009, provided you were over the age of 18 in 2009 and lived in Canada as a resident for all those years. If both of these conditions are met, your total contribution room will be $88,000 CAD as of January 1, 2023, less your contributions plus your withdrawals. E/OE. Jan. 2023