The Tax-Free Savings Account (TFSA) is an account that provides tax benefits for saving in Canada. Contributions to a TFSA are not deductible for income tax purposes. Investment income, including capital gains and dividends, earned in a TFSA is not taxed, even when withdrawn.
Read more about Tax-Free Savings Account: History, Benefits, How TFSAs Differ From RRSPs, Eligible Investments, Contribution Room, Overcontributions, Similar Accounts in Other Countries, See Also
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“Men die nightly in their beds, wringing the hands of ghostly confessors ... on account of the hideousness of mysteries which will not suffer themselves to be revealed.”
—Edgar Allan Poe (1809–1849)