Regarding TFSA accounts, which of the following is true?

A.

Using a TFSA account to hold a cashable GIC for an emergency will mean you do not have to pay tax on the interest earned.

B.

Using your TFSA for tuition savings makes sense as long as the funds are replaced before the next term.

C.

Using a TFSA account for your everyday banking would be a good way to avoid paying tax on the interest from your bank account.

D.

If your TFSA investment deposit grows from $5000 to

$10 comma 00010,000

you can withdraw only the $5000 deposit tax free.