How to Turn Your TFSA Into a Gold Mine Starting With $10,000

The Canada Revenue Agency (CRA) has stated the 2025 Tax-Free Savings Account (TFSA) contribution limit at $7,000. However, Canadians under 35 had an average TFSA savings of $11,980 in 2023, according to Statistics Canada data. Albert Einstein said, "Compound interest is the eighth wonder of the world. He who understands it earns it ... he who doesn't ... pays it." Similarly, TFSA is a great tool to harness the power of compounding for three reasons: It can help your money compound tax-free It allows you to withdraw the compounded money tax-free without any withdrawal limits TFSA withdrawals do not affect…