A TFSA (Tax Free Savings Account) is a great way for Canadians to help save money for their financial goals in life. Introduced in 2009 by the Canadian government, the TFSA allows Canadians to invest their money while exempting their investment earnings from taxation.

Is Severance pay taxable? Tax on your severance package in Canada will be information you will need to know to properly plan. What is the tax rate on your severance plan?