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10 Essential Facts About TFSAs

3. Your money grows tax-free

3. Your money grows tax-free

No worries about getting huge gains on the stock market since you keep 100% of the profit earned. You pay no capital gains - or any other tax - on money earned in a TFSA account. 

10 Essential Facts About TFSAs

1. TFSAs aren't just for older folks.2. TFSAs can include stocks, mutual funds, GICs, etc.3. Your money grows tax-free4. You can have more than one TFSA at different banks.5. You can withdraw and replace funds as needed.6. Your unused contribution room can be carried forward.7. TFSA withdrawals don't affect eligibility for benefits8. The advantage of TFSAs over RRSPs at retirement9. Your money is safe.10. You can save for the short-term, or the long-term.

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