TFSA

Your Tax-Free Savings Account (TFSA) is probably the most important and effective tool you have for saving as a Canadian. With the ultimate flexibility and transparent nature of the TFSA, it’s no wonder why it has become the most popular registered investing account in Canada.

However, many Canadians are not using the TFSA to its full potential, and are only stashing away cash in a low-interest account. The true power of a TFSA is unlocked when you invest in stocks or ETFs in a TFSA, as all the returns are tax-free. Learn these tips and more with Wealth Awesome in this section.