When it comes to using a Tax-Free Savings account many people are not taking advantage of its primary purpose…to allow your money to compound on a Tax-Free Basis.
Many people treat their TFSA like a revolving door, depositing money only to take it out within the same year. This defeats the purpose of using a Tax-Free Savings Account. Additionally, many investors are investing in High Intrest Savings within their TFSA rather than equities.
A TFSA can hold a wide variety of securities such as stocks, bonds, mutual & segregated funds, and GICs.
Watch this video to learn how to Supercharge your TFSA? It’s not what you think and you’re going to be surprised.
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