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What is the main benefit of saving in a TFSA?

April 26, 2017benefit main Saving tfsa

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What is the main benefit of saving in a TFSA?

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10 Posted

Because capital gains and other investment income earned within a TFSA will not be taxed, an individual contributing $200 a month to a TFSA for 20 years will accumulate about $11,045 more in savings than if the investment had been held in a taxable savings vehicle (i.e. an unregistered account).