Lesson 1
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✓ Answer Key
1.
The main advantage of investing inside a TFSA is
B) All investment growth is completely tax-free, including on withdrawal
2.
Time horizon matters because
C) Longer horizons let compounding work and make short-term volatility irrelevant
3.
The simplest effective first investment for a Canadian beginner is
B) A single asset allocation ETF like VBAL or VGRO inside a TFSA
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