February 2022: Don’t miss out on this powerful saving tool: TFSAs enable tax-sheltered earnings without any tax consequences when you withdraw money. Tax Free Savings Plan investment options are not limited to low interest savings. You can maximize your benefits with the greater long term growth potential of a wide array of investments including mutual funds, segregated funds, ETFs, etc.  As of 2023, the cumulative maximum TFSA contribution room is $81,500.