Tax-free savings account - TFSA
A TFSA is the best way to protect your savings from taxes.
It is a great way to put money aside for a downpayment, to start a business or for any other financial goal. Just let your money work for a few years and then cash it without having to pay taxes on any interests gained.
The TFSA account is not complicated but it has rules you want to be aware of. Once you get the gist of it, you will see how easy it is to save and create a financial security net.
Take advantage of the RRSP-TFSA strategy to create a cycle that will make your wealth grow in time.
If you want to learn more about the TFSA or open an account, email me or book a 10-minute call !