How I'd Use $7,000 to Build a Tax-Free Income Machine in My TFSA

How I'd Use $7,000 to Build a Tax-Free Income Machine in My TFSA

If I told you that putting $7,000 to work today could earn you $42 a month tax free, with the added possibility of your investment value rising or falling, would you say yes? It’s totally fair if you said no. But I’d question it if you turned around and spent that same amount on a used car that loses value and generates zero income. If you have Tax-Free Savings Account (TFSA) room and want to build a steady, hands-off income stream with potent…