I was reading the news on how in 2009 anyone 18 years or older can place up to $5000 annually into what is being dubbed as a Tax Free Savings Account (TFSA) here in Canada. From what I gathered, you can essentially earn and withdraw money from these accounts without any worry of being taxed.
It sounds like a great idea to me at this point. I have never been a fan of things like an RRSP personally and this TFSA seems like it would have a more universal appeal to encourage people to save their money. Itâ€™s almost like having a regular bank account with some good benefits.