The following are true about the Tax Free Savings Account except:

Select one:

Contributors make after tax deposits and the investments/savings growth and withdrawal are tax free

Unused contribution room in any year can be carried forward, like an RRSP

A complete withdrawal of an individual's TSA balance can be redeposited into the TFSA at any time

Generally speaking, a TSA account provides a wide range of investment choices similar to those available in anRRSP

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