• Canadian residents age 18 or older can contribute
• $5,000 (up to) annually to a TFSA.
• Growth Tax Free in a TFSA.
• Withdrawls Tax Free from a TFSA anytime.
• Withdrawals can be put back into the TFSA in future years. Re-contributing in the same year may result in an over-contribution amount which would be subject to a penalty tax.
• Unused annual TFSA contributions in one year are eligible in future years on an accumulated basis.
• Wide Range of Investment Options to choose from such as mutual funds, Guaranteed Investment Certificates (GICs) and bonds.
• Contributions are not tax-deductible.
• Neither income earned within a TFSA nor withdrawals from it affect eligibility for federal income-tested benefits and credits, such as Old Age Security, the Guaranteed Income Supplement, and the Canada Child Tax Benefit.
• Funds can be given to a spouse or common-law partner for them to invest in their TFSA.
• TFSA assets can generally be transferred to a spouse or common-law partner upon death.

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• Tax Free Savings Account
• Tfsa
• Tsfa

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