HappySqurriel on 27 August 2012
| Gilgamesh said: Do you get high interest off a tax free savings account? |
Depends on what you invest in ...
A TFSA is just a registered investment account that you can put up to $5000 per year into. While it can't be a margin account, you can pretty much invest in any financial instrument. The benefit of a TFSA is, while you paid income tax on the money you put into it, you don't pay capital gains tax on what you earned.
