If you have a Tax-Free Savings Account (TFSA), you can invest in almost anything through your account. The eligible investments include bonds, exchange-traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, and stocks. Unfortunately, only 49% of Canadians are aware of this TFSA feature, according to a recent Bank of Montreal survey.
The same survey results also revealed that cash is the primary investment in the TFSA of 38% of the poll respondents. While it’s encouraging to know that Canadians are saving during the pandemic, cash isn’t the best investment choice. It’s the worst TFSA mistake , and it can […]
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