u/Virtual-Phase6442

▲ 6 r/fican

Emergency funds parking

Hey everyone!

I’m looking for advice on where to keep my emergency fund. I have enough room in my TFSA, and I’m considering using it for this purpose. If I put my emergency fund in my TFSA, should I invest in ETFs or keep it in something more liquid and low-risk? Will I be able to withdraw the money quickly if an emergency arises with that?

Are there better alternatives to the TFSA for emergency funds? I’m thinking of options like high-interest savings accounts or GICs.

Thanks in advance!

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u/Virtual-Phase6442 — 15 hours ago