A tax free savings account is a fixed yearly amount someone can deposit - $5,000 yearly saves you paying tax on it at the end of the year. I'm personally not interested in the interest the savings account would earn me. I may just have to leave it in the account if I were to withdraw and close it. Risky stock market investments can ear quite a bit, if there's no fail, thus an investment worth while. Property is another good one, as it gives you income, which subsequently would end up being used on repairs/maintenance. If the property goes up in value you gain should you sell one day. If your property is fully paid off, your expenses are below that of renting, so you gain. Starting up a business is another good option, if managed and marketed property. Sorry for the confusion earlier.