What is a TFSA? Only 1 in 5 knows the answer

By: Mark Brown | MoneySense.ca | February 17th, 2017

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The whole way the TFSA was introduced to the market was incorrect, says Scott Plaskett, senior financial planner and CEO of Ironshield Financial Planning. People heard savings in the name and they came to their own conclusions as to the purpose of the accounts. “It’s such a misleading name,” he says. “Most just think it must just be a savings account that you can get through a bank.”