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A TFSA can be used to save for short-term goals like a family vacation, and long-term goals like retirement.
Making automated regularly scheduled investments over lump-sum contributions makes it easier to invest your money.
The younger you are when you start investing, the more time your money has to potentially grow. That way, you'll have more wealth when you need it.
Consolidating debt at a lower interest rate can free up money to invest.
TFSA-eligible investments are the same as those available for an RRSP, including mutual funds, GICs, traded securities and bonds.

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