Tax-Free Savings Account (TFSA)
The Tax-Free Savings Account (TFSA) is the most significant government savings program since the introduction of the registered retirement savings plan (RRSP).
You can benefit from what a TFSA has to offer regardless of your income or financial goals. It can be an integral part of your financial plan, whether you're saving for your first home, preparing for retirement or already receiving retirement income.
A beneficiary can be named on almost all TFSA accounts.* By naming a beneficiary, the expense of probate fees can be avoided.
A TFSA is a great way for you to save your money and see your saving grow tax-free.
|printable copy: Your guide to the Tax-Free Savings Account [PDF, 2 pages, 946 kb]|
- How the Tax-Free Savings Account (TFSA) works
- Non-registered savings or TFSA?
- General information
*Beneficiary designations are not permitted in Quebec for GIC or mutual fund TFSAs.