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How to Use Your TFSA to Earn $12,000 Per Year in Tax-Free Income [Yahoo! Finance Canada]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
A Tax-Free Savings Account (TFSA) can be your secret side hustle without ever leaving the couch! By regularly investing in dividend stocks or growth-focused exchange-traded funds (ETF), you let your money grow and generate income — all tax-free! Over time, the returns from your investments could potentially rival the earnings from a part-time job, but without the extra hours. It's like having your money work for you while you enjoy more free time! So, how to get started? Consider an ETF Investing in a safe ETF could be a fantastic way to build a part-time income through your TFSA without the stress of stock-picking. Many ETFs track reliable sectors or indices, like the S&P/TSX 60 , which has historically delivered average annual returns of around 7-8%. If you invest $10,000 in a well-diversified ETF with a 7% return, your money could double in about 10 years. And all your gains would be tax-free thanks to the TFSA. Over time, the compounding effect can significantly boost your re Show less Read more
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