tfsa

Tax Free Savings Account (TFSA)

The TFSA is a registered savings account that allows taxpayers to earn investment income tax-free inside the account. Contributions to the account are not deductible for tax purposes, and withdrawals of contributions and earnings from the account are not taxable.

Any individual (other than a trust) who is resident in Canada, is 18 years of age or older, and has a valid SIN, is eligible to establish a TFSA.

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