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as the income earned in the account (for example, investment income and capital gains) is tax-free, even when it is withdrawn.

Topics

• Individuals
  Information for individuals who want to invest in a TFSA
• Registered plan administrators
  Information for TFSA issuers

Date modified:

2016-01-14