![Though poorly understood, TFSAs have great benefits](https://www.benefitscanada.com/wp-content/uploads/sites/7/2014/11/Canadian_bills_money_new_3.jpg)
The annual contribution room for tax-free savings accounts (TFSAs) recently went up to $10,000, which means Canadians can now use them to build real wealth, argues a piece by MoneySense.
Yet, many Canadians still don’t understand the benefits of TFSAs—they see them as instruments where you simply stash cash, instead of investing it.
Read: Politics could shrink TFSA contribution room
Also, a number of Canadians oppose the higher contribution limit, seeing it only as a benefit for the rich.
Read more on MoneySense’s website.
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