Question: Thomas is 2 8 and has just opened his TFSA. He s thinking about investing in higher - risk stocks but is concerned about the
Thomas is and has just opened his TFSA. Hes thinking about investing in higherrisk stocks but is concerned about the potential for market volatility. What should Thomas consider when investing in his TFSA?
points
A TFSAs are good for lowrisk investments only.
B TFSAs are taxsheltered, making them ideal for higherrisk investments.
C The TFSA contribution limit increases with riskier investments.
D TFSA earnings are taxed on highrisk investments.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
