ACU - TFSA - Tax Free Savings Account

How a TFSA works:

Any Canadian (age of majority or older) with a valid SIN number can open a TFSA.
Invest up to your TFSA contribution limit. This year, the limit is $6,500, but if you have unused contribution room from previous years, you may be able to invest more.
Fill your TFSA with a mix of savings and investments. Options include savings accounts, GICs, mutual funds*, stocks*, bonds*, and more.
Don’t pay tax on any growth earned inside your TFSA account (including interest, dividends and capital gains).

Finance basics: How does a TFSA work?

Here are some of the most common TFSA questions people ask when learning about the basics of finance. These will help set your foundational knowledge on the path to increase your wealth. [...]