A Tax?Free Savings Account is an easy way of growing your money short?term and long?term

(NC)?Before the Tax?Free Savings Account (TFSA) came along, you had to choose between having the flexibility of a savings account, and the profitability of a registered retirement savings plan (RRSP). But with the TFSA, you can put in money, make earnings on that money tax free, and best of all, you can buy investments within a TFSA, just like you can with an RRSP. The big difference is that that the money you put into a TFSA can't be deducted from your taxable income like with an RRSP, but whether short term or long term, you can work the TFSA to your advantage.

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