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I can’t think of a better way than the chart below to illustrate the power of tax free savings accumulation.

If the maximum contribution to a TFSA (Tax Free Savings Account) has been saved since its inception in 2009, one can expect to have almost $42,700 by the end of 2015!   This is assuming only a 4% rate of return.   If the investments in the TFSA yield a higher return, the accumulation would be even higher.



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