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Canada · Canada

How to Structure a $50,000 TFSA for Consistent Monthly Income

So you’ve tucked away $50,000 inside a Tax-Free Savings Account (TFSA). It’s probably one of the best places to invest that cash, with every dollar of growth coming in tax free. Unlike even a Registered Retirement Savings Plan (RRSP), you don’t pay tax when withdrawing, which gives you total flexibility to use the money whenever you want while still capturing long-term upside. A $50,000 investment can grow far faster inside a TFSA as well, becau…See the Story