A Tax-Free Savings Account (TFSA) is a powerful long-term wealth-creation tool. With a TFSA, there is no tax on your savings or investment returns, no matter how much your investment has grown ... Most people are better off with one well-chosen TFSA.
By contrast, a disinvestment from a TFSA will not attract additional tax at the point of disinvestment and may therefore be a more tax-efficient way of accessing savings if the need arises.
Canadians have the option of contributing to a registered retirement savings plan (RRSP) and tax-free savings account (TFSA) to build long-term savings and benefit from tax-sheltered growth.
options trading is exactly what it sounds like—using your Tax-Free Savings Account (TFSA) to buy and sell stock options ... A TFSA is a registered account in Canada that allows your investments to grow completely tax-free.