Canada Revenue Agency: 1 Huge TFSA Mistake to Avoid in 2021!
The Tax-Free Savings Account (TFSA) has been a life-changing introduction by the Canadian government. Available since 2009, the cumulative contribution room in the tax-advantaged account has grown to $75,500 with the 2021 TFSA update.
The TFSA has grown increasingly popular among Canadians in recent years. If you can use it properly, the TFSA can be a powerful wealth-building tool that can help you retire far wealthier in the long run. However, many Canadians are making a critical TFSA mistake that is resulting in them failing to make the most of this investment vehicle.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Adam Othman
Original Article Posted on: January 11, 2021
Link to Original Article: https://www.fool.ca/2021/01/11/canada-revenue-agency-1-huge-tfsa-mistake-to-avoid-in-2021/