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Goods and services tax (Canada) The goods and services tax (GST) (French: taxe sur les produits et services, TPS) is a multi-level value added tax introduced in Canada on January 1, 1991, by then-Prime Minister Brian Mulroney and his finance minister Michael Wilson.
A: A Tax-Free Savings Account (TFSA) is a type of registered plan introduced by the federal government. Through a TFSA, you can put your savings into eligible investments and not pay tax on the investment income you earn or on withdrawals from the plan.Top.: You can hold many of the same investments you hold in your RSP in your TFSA, including mutual funds, GICs, stocks and bonds. Note: The above information about the Tax-Free Savings Account is based on the information currently available from the Canadian government.