Tax Free Savings Account - Please change the name!
I believe we will look back upon this time and thank our lucky stars that theTax Free Savings Account was created. What a lot of people think however, and incorrectly so, is that it is just a bank account. And it can only earn minimal interest, 1% if you are lucky. This is incorrect. It's an investment vehicle just like many others and you can hold anything you currently hold in your RRSP. There are very few limits. This is why they need to change the name or at least remove