2. Who is a TFSA best suited for?
A TFSA is best suited for any Canadian resident who is over 18 with a Social Insurance Number and who would like to save including:
- Individuals who want to be able to access their funds on a tax-free basis before retirement
- Individuals who have maximized their RRSP contributions
- Seniors who have savings and are concerned about their investment earnings impacting federal income-tested benefits or credits (i.e. Old Age Security benefits, the Guaranteed Income Supplement, or the federal age credit)
