Get more out of your TFSA

Canadians love Tax-Free Savings Accounts, but are you getting the full benefit?

MoneySense.ca, by Julie Cazzin
November 2011

When Tax-Free Savings Accounts (TFSAs) first appeared in January 2009, millions of Canadians embraced them with open arms – and open wallets. Even if we’re not a nation of diligent savers, we love lowering our taxes, and TFSAs allow you to save and invest money without paying any tax on your growth. That means all your Interest, dividends and capital gains are sheltered for your lifetime, even when you withdraw the funds.

Full text: Get more out of your TFSA