Program · Federal
Tax-Free Savings Account (TFSA)
After-tax contributions, tax-free growth, tax-free withdrawals. No tax deduction, no withdrawal tax, no forced conversion age.
Eligibility
- Canadian resident, 18 or older
- Valid SIN
Limits and rules
- 2026 annual contribution: $7,500 (verify before relying)
- Cumulative lifetime room since 2009 for those 18+ since inception: $109,000+
- Withdrawn amounts recreate contribution room on January 1 of the following year