You might use the terms Tax-Free Savings Account (TFSA) and Savings Account interchangeably, but there’s more to it than that. So, what exactly sets a traditional savings Account apart from a TFSA?
Guaranteed Investment Certificates (GICs) provide a fixed rate of return over a specified period, offering safety and predictability. While they yield more than standard savings accounts, GICs ...
The tax-free savings account, or TFSA, was introduced to Canadians in 2009. With this type of account, you are not required to pay taxes on the interest it earns. This is obviously appealing since ...