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The details governing Tax-Free Savings Accounts are set out in the Federal Income Tax Act and are administered by the Canada Revenue Agency (CRA). Below we have summarized the key aspects you should know.

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


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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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