The best TFSA GIC rates
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The best overall GICs in Canada
What is a tax free savings account?
How does a GIC TFSA withdrawal work?
Can any GIC be held in a TFSA?
Are registered GICs taxed?
Natasha Macmillan, Business Unit Director - Everyday Banking
Investing your TFSA
Investing within a Tax Free Savings Account (TFSA) can be a powerful strategy for Canadians looking to grow their wealth while minimizing taxes. TFSAs can be used as an investment account and your investment strategy within a TFSA should align with your overarching financial goals. Are you saving for retirement, a major purchase, or just building long-term wealth?
TFSAs offer a wide range of investment options, including:
- Guaranteed investment certificates (GICs)
- Exchange-traded funds (ETFs)
- Mutual funds
Determining your financial objectives will help you select the right investment vehicle for your TFSA.
It is also important to stay within your annual TFSA contribution limits. Over-contributing to your TFSA can result in penalties and tax implications.
Compare more TFSA and RRSP accounts
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