What you need to know about TFSAs

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Tax-Free Savings Accounts (TFSAs) should be on your personal savings radar. Since they were first introduced by the federal government in 2009, TFSAs have been recognized as a great vehicle for tax-free savings growth. While every Canadian resident over the age of 18 is eligible to open one, there are a few things everyone should know about how these accounts work before choosing to save using a TFSA.