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TermTaxes

Tax-deferred vs tax-free

Deferred delays tax until withdrawal; tax-free is never taxed on growth.

Watch out for this

Roth/TFSA are tax-free; Traditional/RRSP are tax-deferred.

About this entry: short by design — every term in The Money Translator gets a one-sentence definition and a one-sentence reason to care. Some terms get deeper guides under the work.

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