Banking news

Tax free savings account. Beginning in 2009, Canadians 18 and older can contribute up to $5,000 a year to a TFSA.

1. Unused contribution room can be carried forward indefinitely.
2. Withdrawals are tax-free and can be made at any time.
3. recontributed to a TFSA later withInvestments in the TFSA will grow tax-free. out reducing contribution
4. More on TFSA at Scotia

Thank you Sonya