Tax-Free Savings Account
A Tax-Free Savings Account (TFSA) is an easy way for individuals to set money aside tax-free throughout their lifetime.
Contributions to a TFSA are not deductible for income tax purposes. The initial amount contributed, as well as the income earned in the account (for example, investment income and capital gains) is tax-free, even when it is withdrawn.
Information for individuals who want to invest in a TFSA
- Registered plan administrators
Information for TFSA issuers
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