Industry WIKI

The Canadian Bankers Association (CBA; French: Association des banquiers canadiens) is a trade association and lobby group representing Canadian banks. Its over 60 members include Canada's Big Five banks, smaller domestic banks, and Canadian subsidiaries of foreign banks.

A tax-free savings account (TFSA, French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax advantages for saving and investing. Investment income, including capital gains and dividends, earned in a TFSA is generally not taxed, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a registe