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TFSAs Files

What is a Tax Free Savings Account (TFSA)?

A Tax Free Savings Account or TFSA is a flexible, registered savings vehicle allowing for tax-free investment income earnings. A Guaranteed Investment Certificate (GIC) can be purchased in a TFSA and income earned, or withdrawals made to and from it will not affect any federal income tested benefits and credits; i.e. Child Tax Benefit, Guaranteed Income Supplement, Old Age Security benefits and Good & Services Tax Credit.