The Case for Tax-Free Investing

WHAT ARE YOU SAVING FOR?

THE TAX-FREE SAVINGS ACCOUNT

The Tax-Free Savings Account (TFSA) gives Canadian residents a way to save, tax-free. When you contribute to a TFSA, your investments can grow taxfree and you will not pay tax on income or capital gains earned within the account, even when you make a withdrawal, providing you follow the rules on contribution limits and eligible investments. The TFSA can play an important role in your financial plan regardless of your stage of life. Whether you are putting money aside for a new home, a child’s wedding or a family vacation, or you want to supplement your retirement income, the TFSA can help you save for what matters to you..

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