Opening multiple tax-free accounts
I have the following questions about taxfree savings accounts (TFSAs):
1. Can I open more than one tax-free account with different companies without tax consequences?
2. Which investments are better for TFSAs in terms of fees and returns?
3. If I open a TFSA with Company X, must I stay with that company for the next 17 years (assuming I invest R30 000 a year until I reach the lifetime limit of R500 000)? Or can I be with Company X for, say, five years, Company Y for three years and Company Z until I reach my lifetime contribution limit? Name withheld