Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
TFSA allows you to save up to $5,000 each year and still have the flexibility to withdraw your savings at any time and for any purpose. Income and Growth on these savings are tax-free through a TFSA, you can put your savings into eligible investments and not pay tax on the investment income you earn.
