A Tax-Free Savings Account (TFSA) is an investment option that lets you earn tax-free investment income. It’s a great way to complement your RRSP investment strategy, or to save for a short-term goal like a vacation or a large purchase.
You can contribute up to $7,000 per year to a TFSA, and you’ll enjoy tax-free savings on withdrawals made or income earned – no matter how much profit your investments yield.
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