When it comes to flexible investment tools, there’s nothing quite like a Tax-Free Savings Account (TFSA). This registered account allows you to hold not just savings but also investment equities like stocks, bonds, mutual funds and GICs.
All of your investments grow tax-free in a TFSA. What’s even better? You’re not taxed when you make withdrawals, and you can reinvest that amount in future years.
If you’re thinking about contributing to a TFSA in 2021, that’s excellent news. However, you may be a bit confused about how much you are allowed to ...