The proposed TFSA is a registered savings account that allows taxpayers to earn investment income tax-free inside the account. Contributions to the account are not deductible for tax purposes, and withdrawals of contributions and earnings from the account are not taxable. The February 26, 2008 Budget proposed that this starts January 1, 2009. What Is This TFSA? Yves Thivierge and Julie Galibois (from Quebec) have jointly written a nice little summary in Deloitte’s Tax Breaks – April 2008 Newsletter … and it’s worth the read. See the section titled .. Is the TFSA for you? Contribution and withdrawal Starting in [More]