Following, you'll find a link to my comprehensive TFSA "Wiki Page".

I update this post annually covering their history, basics, and how they can be used for various financial goals. Key points include:

  • TFSAs are flexible, tax-advantaged accounts that can be used for long-term investing or short-term savings.
  • Contribution limits are set annually, with unused room carrying over to future years.
  • Withdrawals are tax-free and can be re-contributed in the following year.
  • TFSAs can be used for retirement planning, with strategies to optimize income and minimize taxes.
  • Common pitfalls include over-contributions and not utilizing the account's full investment potential.

You can find the full post, with a navigable table of contents and historical TFSA contribution limits here.

BONUS: a podcast discussing TFSAs: