What is TFSA?
A TFSA allows you to set money aside in eligible investments and watch those savings grow tax-free throughout your lifetime. Interest, dividends, and capital gains earned in a TFSA are tax-free for life. Your TFSA savings can be withdrawn from your account at any time, for any reason1, and all withdrawals are tax-free.
Types of TFSA
Trust Arrangement TFSA
Annuity Contract TFSA
Benefits of TFSAs
There are so many benefits of RRSPs & RIFs that should be as follows:
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