You have $5000 saved which you may need for home repairs at any time in the next few years.If you did need the funds,you would have a weeks' notice to access the funds.Which of the following would likely give you the best return for your $5000?

Question

Quizplus · Accepted Answer

A three-year cashable GIC in a TFSA account would likely offer the best return because the interest earned is tax-free, enhancing the overall return compared to the same investment outside a TFSA.

You Have $5000 Saved Which You May Need for Home