Tax-Free Savings Account (TFSA)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:bank gptkb:registered_account
gptkbp:administeredBy	gptkb:Canada_Revenue_Agency
gptkbp:age	18
gptkbp:benefit	flexible contributions and withdrawals no impact on federal income-tested benefits tax-free withdrawals
gptkbp:canBeOpenedAt	banks credit unions insurance companies trust companies
gptkbp:contributionLimitVariesByYear	true
gptkbp:contributionRoomAccumulates	annually
gptkbp:contributionsAreTaxDeductible	false
gptkbp:country	gptkb:Canada
gptkbp:incomeRequirement	none
gptkbp:introducedIn	2009
gptkbp:mayInclude	bonds mutual funds stocks ETFs cash GICs
gptkbp:namedFor	gptkb:Government_of_India
gptkbp:penaltyForOvercontribution	1% per month
gptkbp:purpose	tax-free investment growth
gptkbp:residence	Canadian resident
gptkbp:successorAccountType	gptkb:Registered_Retirement_Savings_Plan_(RRSP)
gptkbp:taxOnForeignDividends	may apply
gptkbp:unusedContributionRoomCarriesForward	true
gptkbp:withdrawalsAreTaxable	false
gptkbp:withdrawalsIncreaseContributionRoom	true
gptkbp:bfsParent	gptkb:Canada_Revenue_Agency
gptkbp:bfsLayer	6
https://www.w3.org/2000/01/rdf-schema#label	Tax-Free Savings Account (TFSA)