Tax-free savings account
TYPE OF CANADIAN BANK ACCOUNT
TFSA; Tax Free Savings Account; Tax-Free Savings Account; Tax-Free Savings Account (Canada); Tax-free savings account (Canada)
A tax-free savings account (TFSA, ) is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends, earned in a TFSA is not taxed in most cases, even when withdrawn.