Angela Iermieri | Financial Planner | Desjardins Group
Yes. You can use your TFSA to save up for buying a home since TFSA investment income and withdrawals are tax-free. If you're planning to buy your first home, another smart move would be to contribute to your TFSA and, when your income is higher, withdraw money from your TFSA to contribute to your RRSP. This way, you'll save more tax.