What are the major tax advantages of Tax Free Savings Accounts (TFSAs)?

Question

Quizplus · Accepted Answer

The Answer is There are several major advantages to the use of TFSAs:
• Earnings in the plan accumulate on a tax free basis.
• Withdrawals from the plan are not subject to tax.
• Amounts earned in the plan are not subject to the income attribution rules.
• Reductions in contribution room related to withdrawals are replaced in the following taxation year.

What Are the Major Tax Advantages of Tax Free Savings