Here’s how much more a TFSA can help you save

There were more than 11.7 million TFSA holders in 2014, according to the latest statistics available from the Canada Revenue Agency (CRA).

Slowly but surely, more and more Canadians are opening a TFSA to supercharge their savings (the 2017 TFSA contribution limit is set at $5,500).

The TFSA is very flexible. Unlike an RRSP, there are no withdrawal limits, making the tax-free savings account the perfect place for short- and medium-term savings goals, such as an emergency fund, a wedding, or a...

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