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How does a TFSA work?



Our response:

A Tax-Free Savings Account (TFSA) lets you save tax-free for any goal and withdraw the money at any time, tax-free. There are contribution limits and over contribution penalties to be aware of.

These previous questions may help to provide insight as you move forward.

Visit to learn more about TFSAs and other investing and financial topics. Speak with a registered financial representative or tax professional for advice to fit your personal situation.

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