What is a TFSA?
A Tax-Free Savings Account (TFSA) is a new registered account introduced by the Federal Government in the 2008 Budget. Investment income and capital gains in the account will grow tax-free. The TFSA will be available starting January 2009. RBC will be offering a variety of investment options for TFSA effective January 2009. Speak to an RBC advisor to determine the investment option based on your needs.