10 things you might not know about the TFSA

10 things you might not know about the TFSA

Despite the many benefits of this great savings tool, which was introduced in 2009, only about half of Canadians have one.

10 things you might not know about the TFSA

Despite the many benefits of this great savings tool, which was introduced in 2009, only about half of Canadians have one. Here is what you should know about the TFSA and the benefits it can offer.

December 23, 2019

5-minute read

A Tax Free Savings Account (TFSA) can help you reach your financial goals. You can save up for a new house or put money away for retirement — all without paying tax on your gains or withdrawals that you make.

Despite the many benefits of this great savings instrument, which was introduced in 2009, only about half of Canadians have opened one.

About the author

Wealthsimple is a Canadian online investment management service that provides smart, simple investing, without the high fees and account minimums associated with traditional investment management. It also offers high-interest savings accounts and commission-free trading.

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