While the TFSA (Tax-Free Savings Account) may be the best thing since the RRSP (Registered Retirement Savings Plan), the fact that they are so widely misunderstood means that many people who have opened a TFSA may not be getting the most out of it.
As with any investment, it is important to ask the right questions before you take action. A good advisor can help make sure that you're getting the most 'bang for your buck'.
Let me know what you think ... Do you understand the rules governing TFSAs?
Source: Sympatico.ca Finance