Save in a TFSA
A TFSA is a tax-free savings account registered with the Canada Revenue Agency. It allows you to make tax-free savings, using your tax refund for example.
The revenues of your investments in a TFSA are not taxed and never will be, even if you withdraw. And even if you withdraw from your TFSA, you will regain your contribution rights for the following years. Any Canadian resident aged 18 or over can invest up to $5000 in a TFSA every year.