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Investment income in a TFSA—whether you’re earning interest, dividends or capital gains—are not taxed, even when withdrawn.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

1. Tax-Free Investment Income and Withdrawals
2. Flexible Withdrawals
3. No Income Requirement
4. Investment Choice
5. Lifelong Eligibility
6. No Lifetime Contribution Limits
7. No Impact on Federal Benefits or Credits