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Tax-Free Savings Accounts regulations are set out in the Federal Income Tax Act and administered by the Canada Revenue Agency (CRA). Here is an overview of the rules:

Expand Eligibility

Expand Annual Contributions

Expand Carry-forwards

Expand Over-Contributing to Your TFSA

Expand Withdrawals

Expand Transfers Between TFSAs

Expand Effect on Government Benefits

Expand Losses in a TFSA

Expand Separation or Divorce

Expand Investments


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Information about the Tax-Free Savings Account is based on what is currently available from the Canadian government and can be subject to change.

Amounts are indexed for inflation.


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