188-Tax Avoidance

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Today we are talking about Tax Free Savings Accounts (TFSA).  As a guide, we go out and do the research, and bring the information to you in a way you can understand.

The TFSA is the structure, a place to hold money tax free.  This type of account started in 2009, and an initial contribution was $5,000.  Each year there is a TFSA contribution limit.  The contribution room can be carried forward.

There are, of course, rules about limits that can be contributed.

It is always best to speak to a professional before making financial decisions.

About the author, Jurgen

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