HR Glossary

What is TFSA - Tax-Free Savings Account (Canada)?

A Canadian registered account where contributions are made with after-tax dollars, but all investment income, capital gains, and withdrawals are completely tax-free, with no restriction on how the funds are used.

Why it matters in hiring

TFSA - Tax-Free Savings Account (Canada) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with T

• T4 Slip (Canada)
• Take-Home Pay
• Talent Acquisition
• Talent Community
• Talent Development
• Talent Mapping
• Talent Pipeline
• Talent Pool

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.