{"id":62,"date":"2022-05-30T07:36:15","date_gmt":"2022-05-30T07:36:15","guid":{"rendered":"https:\/\/www.adinadifinancial.com\/\/?page_id=62"},"modified":"2022-06-20T21:02:31","modified_gmt":"2022-06-20T21:02:31","slug":"tax-free-savings-account","status":"publish","type":"page","link":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/","title":{"rendered":"Tax Free Savings Account"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">TAX-FREE SAVINGS ACCOUNT (TFSA)<\/h1>\n\n\n\n<h2 class=\"wp-block-heading\">FINANCIAL ADVISORS IN MISSISSAUGA, ON<\/h2>\n\n\n\n<p>A&nbsp;<strong>Tax-Free Savings Account&nbsp;(TFSA)<\/strong>&nbsp;is an account available in Canada that provides&nbsp;tax&nbsp;benefits for saving. Investment income, including&nbsp;capital gains&nbsp;and&nbsp;dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a&nbsp;registered retirement savings plan&nbsp;(RRSP).<\/p>\n\n\n\n<p>Despite the name, a TFSA does not have to be a cash&nbsp;savings account. Like an RRSP, a TFSA may contain cash and\/or other investments such as&nbsp;<\/p>\n\n\n\n<ul><li>Mutual funds<\/li><li>Segregated funds<\/li><li>Certain&nbsp;stocks<\/li><li>Bonds<\/li><li>Guaranteed investment certificates&nbsp;(GICs)<\/li><\/ul>\n\n\n\n<p>The cash on hand in a TFSA collects interest just like a regular&nbsp;savings account, except that the interest is tax free. A TFSA is an account in which Canadian residents 18 years and older can save or invest. Income earned on contributions is not taxed. The TFSA account-holder may withdraw money from the account at any time, free of taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAX-FREE SAVINGS ACCOUNT (TFSA) FINANCIAL ADVISORS IN MISSISSAUGA, ON A&nbsp;Tax-Free Savings Account&nbsp;(TFSA)&nbsp;is an account available in Canada that provides&nbsp;tax&nbsp;benefits for saving. Investment income, including&nbsp;capital gains&nbsp;and&nbsp;dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a&nbsp;registered retirement savings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":679,"parent":17,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/template-financial-services.php","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Free Savings Account - ADI ADI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Free Savings Account - ADI ADI\" \/>\n<meta property=\"og:description\" content=\"TAX-FREE SAVINGS ACCOUNT (TFSA) FINANCIAL ADVISORS IN MISSISSAUGA, ON A&nbsp;Tax-Free Savings Account&nbsp;(TFSA)&nbsp;is an account available in Canada that provides&nbsp;tax&nbsp;benefits for saving. Investment income, including&nbsp;capital gains&nbsp;and&nbsp;dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a&nbsp;registered retirement savings [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/\" \/>\n<meta property=\"og:site_name\" content=\"ADI ADI\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-20T21:02:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/adinadifinancial.com\/wp-content\/uploads\/2022\/06\/TFSA-ADI.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Free Savings Account - ADI ADI","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/","og_locale":"en_US","og_type":"article","og_title":"Tax Free Savings Account - ADI ADI","og_description":"TAX-FREE SAVINGS ACCOUNT (TFSA) FINANCIAL ADVISORS IN MISSISSAUGA, ON A&nbsp;Tax-Free Savings Account&nbsp;(TFSA)&nbsp;is an account available in Canada that provides&nbsp;tax&nbsp;benefits for saving. Investment income, including&nbsp;capital gains&nbsp;and&nbsp;dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a&nbsp;registered retirement savings [&hellip;]","og_url":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/","og_site_name":"ADI ADI","article_modified_time":"2022-06-20T21:02:31+00:00","og_image":[{"width":1920,"height":470,"url":"https:\/\/adinadifinancial.com\/wp-content\/uploads\/2022\/06\/TFSA-ADI.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/","url":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/","name":"Tax Free Savings Account - ADI ADI","isPartOf":{"@id":"https:\/\/adinadifinancial.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/#primaryimage"},"image":{"@id":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/#primaryimage"},"thumbnailUrl":"https:\/\/adinadifinancial.com\/wp-content\/uploads\/2022\/06\/TFSA-ADI.jpeg","datePublished":"2022-05-30T07:36:15+00:00","dateModified":"2022-06-20T21:02:31+00:00","breadcrumb":{"@id":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/#primaryimage","url":"https:\/\/adinadifinancial.com\/wp-content\/uploads\/2022\/06\/TFSA-ADI.jpeg","contentUrl":"https:\/\/adinadifinancial.com\/wp-content\/uploads\/2022\/06\/TFSA-ADI.jpeg","width":1920,"height":470,"caption":"TFSA-ADI"},{"@type":"BreadcrumbList","@id":"https:\/\/adinadifinancial.com\/financial-services\/tax-free-savings-account\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/adinadifinancial.com\/"},{"@type":"ListItem","position":2,"name":"Financial Services","item":"https:\/\/adinadifinancial.com\/financial-services\/"},{"@type":"ListItem","position":3,"name":"Tax Free Savings Account"}]},{"@type":"WebSite","@id":"https:\/\/adinadifinancial.com\/#website","url":"https:\/\/adinadifinancial.com\/","name":"ADI ADI","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/adinadifinancial.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/pages\/62"}],"collection":[{"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/comments?post=62"}],"version-history":[{"count":3,"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/pages\/62\/revisions"}],"predecessor-version":[{"id":481,"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/pages\/62\/revisions\/481"}],"up":[{"embeddable":true,"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/pages\/17"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/media\/679"}],"wp:attachment":[{"href":"https:\/\/adinadifinancial.com\/wp-json\/wp\/v2\/media?parent=62"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}