Meaning of TFSA | Babel Free

Definitions

Initialism of tax-free savings account.

Canada, abbreviation, alt-of, initialism

Equivalents

Examples

“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.”

CEFR level