In the realm of personal finance, Tax-Free Savings Accounts (TFSA) stand out as a top choice for Canadians in terms of financial flexibility. Introduced in 2009, TFSAs have become a cornerstone for savvy investors and savers alike. Let’s delve into a refresher on key aspects that make TFSA a powerful tool for tax-efficient wealth building. 1. What is a TFSA?A Tax-Free Savings Account is a versatile investment vehicle that allows Canadians to earn investment income and capital gains tax-free. Unlike traditional savings accounts, TFSAs offer a broad range of investment options, making them an effective tool for growing wealth over…
