Can I withdraw money from my TFSA account whenever I want?


Angela Iermieri | Financial Planner | Desjardins Group

That depends on the investment product. Certain products, such as the TFSA savings account, offer the flexibility to withdraw money at any time.

However, the tax benefit of the TFSA is to generate tax-sheltered investment income. To take full advantage of this, you should choose to invest in long-term investments that offer a more attractive return potential. 

If there are any questions, send them to us along with any comments you may have.

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