By: on December 1, 2022
A Tax-Free Savings Account (TFSA) is a tax-advantaged account that aids you save for both short-term and long-term financial goals. Tax-Free Savings Accounts (TFSA) are government-approved accounts designed to aid you save for just about anything, whether it’s decades away or right in front of you. Money goes into and out of your TFSA deprived of any taxation. You don’t get a deduction like you do with RRSP contributions, but you also don’t pay taxes when you extract your money. TFSAs are tax...
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