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Frequently Asked Questions
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Tax Free Savings Accounts |
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What rate do you earn on a TFSA (Tax Free Savings Account)? |
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Tax Free Savings Account is simply a type of account registration, not a specific investment vehicle. Just like an RRSP or RESP, a TFSA is allowed to hold a wide variety of investments.
You may purchase a daily interest savings account, a GIC, individual stocks or bonds or mutual funds within your TFSA. Obviously, the rate of return will be dependant upon which investment vehicle you choose. |
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