Sad facts about the Tax Free Savings Account in Canada:
Eligible Canadians without a TFSA*
Average value of TFSA*
Canadians who know you can hold both cash and at least one other type of investment in a TFSA*
Total possible contribution room as of 2023
I made the mistake of not learning how to use my TFSA properly and got penalized by CRA. Thanks for your website – I’ve learned a lot.
Wow! This site is awesome! What a great resource for people to learn everything about TFSA’s. Super helpful!