The Tax-Free Savings Account
The Registered Retirement Savings Plan allows you to save funds without taxation. It's a valuable tax benefit worth utilizing.
RESP key points
The Registered Retirement Savings Plan allows you to benefit from tax-free investment.
- Tax-free investment
- Investments and returns in your TFSA are tax-free. You can seek better returns in international markets without tax concerns.
- Freedom withdraw.
- All withdrawals are unconditional and tax-free.
- Best investment option for starter
- The TFSA is the best way to start and experiment with investments. You can begin saving with a minimal amount.