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Our response:

A Tax-Free Savings Account (TFSA) can hold a variety of investments, such as GICs, mutual funds, ETFs and individual stocks. Any investment held within a TFSA must be considered a qualified investment according to Canada Revenue Agency (CRA).

While we try to provide as much information as we can, we are not able to provide investment or financial advice. It may helpful to review how TFSAs, and ETFs work, in addition to related risks. For additional resources, please visit the ETF hub on GetSmarterAboutMoney.ca.