TFSAs 101

Part 1: What is a TFSA? (3:02)

In this introductory video we learn about who can open a TFSA, and where to open an account. We also learn about the differences and similarities between a TFSA and an RRSPRRSP See Registered Retirement Savings Plan.+ read full definition. Finally, we explore the magic of compoundingCompounding A way to grow your money faster. Instead of spending the money you make investing, you reinvest it so it can grow.+ read full definition, and how it works to make your savings grow exponentially.