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TFSA definition

TFSA means a tax-free savings account within the meaning of the Tax Act;
TFSA means a tax-free savings account as described in the Income Tax Act (Canada).
TFSA means a tax-free savings account as defined in the Tax Act.

Examples of TFSA in a sentence

  • A) With the approval from the Minister of National Revenue and any provincial tax authorities if applicable, SBIC may make amendments to the Tax Free Savings Account Agreement provided however that any amendments shall not disqualify the account as a TFSA acceptable for registration under the Act or any applicable provincial legislation.

  • It is solely the Account holder's responsibility to determine whether there is an excess TFSA amount (as defined under the ACT) of the Account Holder at any time in a year.

  • For any such excess TFSA amount, it is the responsibility of the Account holder to file an income tax return and pay the applicable tax under Part xi.01 of the Act.


More Definitions of TFSA

TFSA means a tax-free savings account.
TFSA means a tax-free savings account as described in the Income Tax Act (Canada). 1.1.1 In this Instrument, in Alberta, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan
TFSA means a “tax free savings account” as defined under the Tax Act.
TFSA means a tax free savings account, which is a “qualifying arrangement” (as that term is defined in the Tax Act) the issuer of which has elected, in the form and manner prescribed by the Tax Act, to register as a TFSA; and
TFSA means a trust governed by a tax-free savings account, as defined in the Tax Act.
TFSA means a tax-free savings account as described in the Income Tax Act (Canada). Interpretation of indirect interest
TFSA means a tax-free savings account within the meaning of the Tax Act; “Trading Day” means a day on which a session of the TSX is held;