Canadian Tire Tax Free GIC (TFSA)
Monthly Fee
Not specified
Promotional interest
Not specified
Welcome OfferGuaranteed rates up to 4.11% tax-free in a TFSA, with terms from 1 to 5 years.
Guaranteed rates up to 4.11% tax-free in a TFSA, with terms from 1 to 5 years.
Account Overview
The Canadian Tire Tax Free GIC pairs a guaranteed rate with the tax shelter of a TFSA.
- Rates up to 4.11% for a 5-year term
- Terms from 1 to 5 years, $1,000 minimum deposit per GIC
- Tax-free interest
- $50 fee to transfer the TFSA to another institution; transferring or redeeming before maturity forfeits accrued interest
- Deposits protected by CDIC up to applicable limits
Note: Canadian Tire Bank deposit products are not available to residents of Quebec.
Offer & conditions
Guaranteed rates up to 4.11% tax-free in a TFSA, with terms from 1 to 5 years.
Pros & Cons
Pros
- Competitive interest rate (4.11%)
- E-statements available
Cons
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Account Features
- E-StatementIncluded
- Included transactionsNot specified
- Unlimited Interac e-TransfersNot specified
Terms and conditions
Rates as of October 17, 2026*
- 1 year: 2.35%
- 2 years: 2.40%
- 3 years: 2.45%
- 4 years: 2.50%
- 5 years: 4.11%
$1,000 minimum deposit per GIC. Your rate is guaranteed for the full term.
Eligibility: you must be a resident of Canada (outside Quebec), have reached the age of majority in your province or territory and provide your Social Insurance Number (SIN). You apply online or by phone, then return the Direct Transfer Authorization form that links the account to an external bank account.
Note: Canadian Tire Bank deposit products are not available to residents of Quebec.
Related Accounts
*Annual rates as of October 17, 2026, subject to change without notice. Interest is calculated on the principal for the number of days in the term and paid at maturity, compounded annually; you can instead choose to be paid interest annually, without compounding. GICs are non-redeemable before maturity. Deposits are eligible for CDIC coverage up to $100,000. Source: Canadian Tire Bank.
Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 Canadian Tire Bank. All trademarks are property of their respective owners.