Investor Education Series Part 2 In 2008 the Government of Canada introduced a brand new personal savings vehicle; Tax Free Savings Account (TFSA) effective as of January 2, 2009. The TFSA is a registered, multi-purpose savings vehicle that allows Canadians to earn tax-free investment income on eligible investments. The TFSA supplements other registered savings plans for example Registered Retirement Savings Plans (RRSP) and Registered Education Savings Plans (RESP). Benefits