Though poorly understood, TFSAs have great benefits

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.

Also read:

• Canadians don’t want TFSA limit cut
• Most Canadians unaware of TFSA investment options
• Canadians prefer TFSAs, RRSPs over CPP expansion