Monthly Archives: March 2011

Tax Free Savings

The Tax Free Savings Account (TFSA) is a savings venue that can be used for both short and long term savings.  It is not designed to replace the Registered Retirement Savings Plan (RRSP), but offers flexibility for savings.  As of 2012, the maximum contribution room is $20,000.  A person can hold more than one TFSA, [...]

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