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you might use a tax-free savings account as a short term investment account option because a.)...

you might use a tax-free savings account as a short term investment account option because a.) any remaining contribution room can br carried forward to subsequent years b.) the interest rates are higher c.) half of the any contribution withdrawals may be re-contributed in subsequent years d.) half of the withdrawals from TFSA are tax free

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Answer #1

Answer:

Correct answer is:

a) any remaining contribution room can br carried forward to subsequent years

Explanation:

Annual contribution to TFSA depends on eligible contribution room for that year. Any unused contribution room from a given year is carried forward to the following year.

As such option a is correct. Other options b, c and d are incorrect since these are not exact features of TFSA.

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