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Tag Archives: tax free

Saving With TFSA

The TFSA was launched in January, 2009 and can be defined by what it is not. Unlike a Registered Retirement Savings Plan (RRSP) the contributions are not tax-deductible. So you deposit after-tax cash into it, but you can withdraw it tax free. Putting money in RRSP savings accounts gives a tax deduction when you deposit it, but you later pay ...

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