TERMIUM Plus®

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TFSA [2 records]

Record 1 2018-10-11

English

Subject field(s)
  • Private-Sector Bodies and Committees
  • Finance
OBS

Toronto Finance International is a public-private partnership between Canada's largest financial services institutions and the government. [The] organization is the lead voice for the international promotion of the Toronto Financial Centre and the global prominence of [its] financial services sector.

French

Domaine(s)
  • Organismes et comités du secteur privé
  • Finances

Spanish

Save record 1

Record 2 2016-03-29

English

Subject field(s)
  • Investment
  • Taxation
DEF

A registered savings vehicle that allows [Canadians aged 18 and older] to earn investment income tax-free inside the account.

OBS

[Account-holders] do not have to pay taxes on earnings within the account (including interest, dividends or capital gains) or on money [they] withdraw from the TFSA. Contributions to the account are not tax-deductible, however, unlike contributions to [their] RRSP [registered retirement savings plan].

OBS

The tax-free savings account was introduced in the 2008 federal budget and came into effect in 2009.

Key term(s)
  • tax-free saving account

French

Domaine(s)
  • Investissements et placements
  • Fiscalité
DEF

Instrument d'épargne enregistré qui permet [aux Canadiens de 18 ans et plus] de gagner un revenu de placement non assujetti à l'impôt.

OBS

[Les épargnants ne paient] aucun impôt sur le rendement des placements (intérêt, dividendes ou gains en capital) ni sur les retraits effectués à partir du CELI. Toutefois, contrairement aux cotisations au REER [régime enregistré d'épargne-retraite], les cotisations au CELI ne sont pas déductibles d'impôt.

OBS

Annoncé dans le budget fédéral de 2008 et entré en vigueur en 2009.

OBS

comptes d'épargne libre d'impôt : pluriel.

Spanish

Save record 2

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