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Are TFSA contributions tax-deductible?

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No, TFSA contributions aren't tax-deductible. Interest earned isn't taxed as income, as long as you don't contribute more than your limit.

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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