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August 2022
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Canadians have two choices of tax-saving accounts in which to invest their money, a TFSA or an RRSP. There are different benefits to each account.What is a TFSA?A TFSA is a Tax-Free Savings Account, that residents of Canada over the age of 18  who have a valid SIN can hold assets in, any money that you earn from these assets is tax-free. You will not need to pay income tax on them. You can hold:Cash Mutual fundsSecurities listed on a designated stock exchangeGuaranteed investment certificatesBondsCertain shares of small business corporationsYou canSEE DETAILS

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