Canadian registered account where investment growth and withdrawals are tax-free.
Introduced 2009. Annual contribution room ($7,000 for 2026) plus carry-forward of unused room and any prior withdrawals. Investment income (interest, dividends, capital gains) is not taxed. Note: TFSAs do NOT receive Canada-US treaty exemption from the 15% U.S. withholding tax on U.S. dividends — RRSPs do.
Income Tax Act; CRA TFSA guide
AI case study
One named-role scenario with realistic numbers and the rule citation.
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