The TFSA or Tax Free Savings Account started in the year 2009. It was announced early in 2008 and financial institutions were allowed to accept account openings in December of 2008, but no contributions could be made until January 1st of 2009.
Calculating your TFSA contribution room
The start year of the TFSA program is important if you are trying to calculate contribution room. Every eligible Canadian got $5,000 of new contribution room each year from 2009 to 2012. For the years 2013 and onwards, the amount is $5,500.
For more information on TFSA rules as well as how to calculate your contribution limits please see TFSA rules.
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.