A TFSA is a versatile, tax-advantaged savings account that allows Canadians to grow their money tax-free. While
contributions are not tax-deductible, the investment gains and withdrawals are tax-free. The power of compound
interest in a TFSA is profound. Consider a 30-year-old Canadian who contributes the annual maximum of $6,000 and
earns a 5% annual return. After 25 years, they could potentially have over $250,000 in their TFSA, entirely tax-free. This
can serve as a substantial source of funds for various financial goals.