The rules for who can open a TFSA account are set and enforced by the Canada Revenue Agency (CRA). To open a TFSA in Canada, you must be over 18 and have a valid social insurance number (SIN). Additional rules apply if you are a non-resident – you can find this information on the CRA website.
The CRA has resources to help you find out how much TFSA contribution room you have available. You can check your TFSA contribution limit using these CRA resources:
Learn more about TFSAs on GetSmarterAboutMoney.ca.