Why CRA doesn't want you to utilize your TFSA (Tax Free Savings Account)

The CRA doesn't exactly love your TFSA... because it's one of the few ways you can build wealth without them getting a cut.

Your TFSA isn't just a savings account -- it's a tax-free investment account designed to let your money grow without paying tax on the growth! No capital gains, no tax on withdrawals, no limits on what you do with it after. (It also doesn't count as income to you when withdrawals are made -- huge bonus.)

The 2025 cumulative limit is $102,000! Each year, the government announces what the new contribution limit is for the New Year.

TFSAs can be invested in mutual funds, stocks, segregated funds, GICs, High Interest Savings, etc. there are so many different investment options available.

So, when you don't use your TFSA, CRA wins. When you do? You keep more of your own money.