Tfsa
noun ·Rare ·Advanced level
Definitions
- 1 Initialism of tax-free savings account. Canada, abbreviation, alt-of, initialism
"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."
Synonyms
All synonymsExample
More 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."
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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.