10 things you may not know about TFSAs - GIC Wealth Management

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For Your Information 10 things you may not know about TFSAs

10 things you may not know about TFSAs

The tax free savings account, or TFSA, has been around for six years now and there are still many Canadians that are not taking full advantage of this investment opportunity. Part of the reason may be a misunderstanding about how a TFSA truly works and its benefits. Here are 10 important things to know about a TFSA. 1. You can invest money in a TFSA in a similar manner as you would a registered savings plan or retirement income fund. If you have a self-directed TFSA, you can buy stocks, bonds, mutual funds, exchange traded funds, GICs – among other investments.

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