Confusing, or what? When the federal government introduced tax-free savings accounts (TFSAs) little did they know how confusing they would appear to be to most of us. There's no doubt they are useful instruments for many of us, but for some of us, RRSPs make more sense. The best thing to do is to read up on how TFSAs can fit into your financial life, or consult a financial manager (if you have one) or a knowledgeble person at a bank or financial institution who can help you make the right choice.