TFSA

English

Noun

TFSA (plural TFSAs)

  2. (Canada, finance) Initialism of tax-free savings account.
    Hypernym: account
    Coordinate terms: TESSA, FHSA, RRSP, RESP, RRIF, HSA
    • 2025 December 29, Anita Bruinsma, “Three financial lessons to teach your teens in 2026”, in The Globe and Mail, page B9:
      If your teenager is turning 18 this year, give them the best gift ever: a tax-free savings account. Go online and guide them through the process of opening a TFSA. Then, get them started by giving them their first contribution. For teenagers, the benefit of having a TFSA isn't so much about the tax savings — it's much more about exposure to financial products and developing a savings and investing habit.

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