Learn how to leverage a TFSA to build wealth tax-free in Canada. Discover effective strategies, common mistakes to avoid, and how investing in ETFs like VGRO or XEQT can significantly boost your long-term financial growth.
Choosing between a TFSA and RRSP depends on your financial goals, tax situation, and timeline. While RRSPs offer immediate tax relief and long-term retirement savings benefits, TFSAs provide tax-free flexibility for both short-term and retirement goals. A balanced approach leveraging both accounts often delivers the best financial outcome.