Which of the following is FALSE regarding Tax Free Savings Accounts (TFSAs) ?
A) There is no mandatory age by which a TFSA must be wound up.
B) TFSA contributions are tax deductible.
C) Any unused amounts not contributed in a year may be carried forward indefinitely to future years.
D) Capital gains earned within TFSAs are not taxed.
Correct Answer:
Verified
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