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How to Make Big Passive Income and Owe Zero to the Canada Revenue Agency More on: Image source: Getty Images If you’re making passive income from your investments, the Canada Revenue Agency wants a slice if you’re not sheltering it in a vehicle such as the (Tax-Free Savings Account (TFSA). The power of the TFSA is as profound as it is unfathomable. It can be used to grow your wealth over the long run or help you keep more of your money if you need to give yourself a raise over the short-term. Distributions, dividends, and interest generated within a TFSA are generally from taxation from the Canada Revenue Agency, but only if you’re playing by the rules and not using your TFSA for business trading purposes or any other activities that could nullify the tax-free advantage of the account that was meant to help give all Canadians get ahead.

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