A Tax-Free Savings Account (TFSA) is a flexible investment account that can help you meet both your short- and long-term goals.
Investment income in a TFSA—whether you’re earning interest, dividends or capital gains—are not taxed, even when withdrawn. This tax-free compound growth means that your money grows more quickly inside a TFSA than in a taxable account
Benefits Of An RESP
- Tax-Free Investment Income and Withdrawals
- Flexible Withdrawals
- No Income Requirement
- Investment Choice
- Lifelong Eligibility
- No Lifetime Contribution Limits
- No Impact on Federal Benefits or Credits
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