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How to Use Your TFSA to Earn $5,000 Per Year in Tax-Free Income [Yahoo! Finance Canada]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
The TSX Composite Index Nasdaq Composite Index , and the S&P 500 Index are in the red as weaker-than-expected U.S. jobs data for August 2024 has increased fears of a recession. The market moves in the most unpredictable manner in a boom period as people have ample liquidity to take risky bets. However, it performs more or less in a similar manner in a weak economy. Many investors cash out their stocks over fears of a dip, creating an opportunity for long-term investors to buy stocks at a sale. Now is a good time to buy attractive dividend stocks at their low and give a boost to your passive-income pool. How to use TFSA to earn $5,000 per passive income The Tax-Free Savings Account (TFSA) is the only registered savings account that allows you to withdraw money tax-free. While the 2024 contribution limit is $7,000, you can reinvest any of your stock market earnings that you haven't withdrawn from TFSA. It is a good time to switch from growth stocks to dividend stocks. If you have Show less Read more
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