Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I have heard that Canadians can take advantage of the Tax-Free Savings Account (TFSA). Where can I get more information?

April 26, 2017advantage Canadians heard savings account tax-free tfsa

0

Posted

I have heard that Canadians can take advantage of the Tax-Free Savings Account (TFSA). Where can I get more information?

1 Answer

0

Posted

The TFSA is a registered general-purpose savings vehicle that allows Canadians to earn tax-free investment income. Any income you earn within a TFSA and any withdrawals you make from it do not affect your eligibility for federal income-tested benefits and tax credits. For more information on tax-related measures, visit the Canada Revenue Agency Web site at www.cra.gc.ca/tfsa/, or call 1-800-959-8281.