“There are so many wonderful things that you can do with a TFSA that go beyond simply a savings account paying 2%. Invest in products with long-term returns that exceed inflation. Utilize a tax-free withdrawal strategy to preserve income-tested government benefits. Buy a blue chip stock with a 5% dividend and set up a dividend reinvestment plan. Put the money in a Guaranteed Minimum Withdrawal Benefit fund, and have tax-free income for life. The list goes on.”
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