Taxation of a Tax-Free Savings Account (TFSA) for U.S. Persons

November 13, 2025 | Charles W. Cullen III


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A TFSA is a flexible savings vehicle where investment income earned (and growth) in the account is tax-free for Canadian tax purposes. However, U.S. persons who hold a TFSA may be subject to additional tax and filing requirements. Therefore, it’s important that you obtain advice from a qualified tax advisor before you open a TFSA. For more information, please reach out. 

 

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