A Tax Free Savings account (TFSA) is a great way to reach your short or long term savings goals, tax free.

With the flexible options of a TFSA contribute up to $6,000 per year without paying tax on income or gains, withdraw and re-contribute at any time without penalty and any unused contribution room is carried forward to the next year, without limit.

For more information on Tax Free Savings Accounts visit Canada Revenue Agency's TFSA website.

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