Tax-Free Savings Account TFSA
A Canadian registered account where investment growth and withdrawals are completely tax-free, within an annual contribution limit.
What it is
A Tax-Free Savings Account is a Canadian government-registered account that lets residents invest with no tax on the income, dividends, or capital gains earned inside it, and no tax on withdrawals. Contributions are made with after-tax dollars, so there is no upfront tax deduction. Unused contribution room carries forward, and the annual limit is set by the government each year.
Why it matters
A TFSA is flexible because money can be withdrawn anytime tax-free and the withdrawn room is restored the following year. The main cross-border pitfall is that foreign withholding tax on US dividends still applies inside a TFSA and cannot be recovered, so holding US dividend payers in a TFSA can quietly cost you 15% of those dividends.
How it's calculated
A TFSA is an account type, not a metric; your available room is the sum of annual limits since you became eligible, plus prior withdrawals added back, minus contributions made.
How Quintarthai uses it
Quintarthai does not manage accounts, but you can research dividend yields and tax-relevant metrics for any holding across the screener and company pages at /app/.