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How to Invest in a TFSA in 2024 (NEW $7,000 LIMIT) - Investing for BeginnersWhich investments can I use in a TFSA? � Cash: � Guaranteed Investment Certificates (GICs): � Bonds: � Mutual funds: � Exchange-Traded Funds (ETFs). You may only hold qualified investments in your TFSA; these can include mutual funds, publicly listed stocks, government bonds, certain corporate bonds. The TFSA best investments include cash, mutual funds, publicly traded stocks, GICs and bonds. As mentioned, contributions are not tax deductible.