Stop Viewing Your TFSA As Just A Savings Account
If you have a Tax-Free Savings Account (TFSA), stop using it just to save money. Instead, leverage the real power of this account to build a robust investment portfolio. Without paying any tax on that wealth.
Yes, the government used the word ‘savings’ in its name, but it’s really about much more than socking away some cash. Here’s how to make the best use of this tool in your wealth strategy.
Within a TFSA, you can hold virtually any type of investment. Including mutual funds, exchange-traded funds, real estate investment trusts, stocks, bonds, and guaranteed investment certificates.
A well managed portfolio can offer you satisfying returns, and none of it will be subject to tax. Be sure to reinvest any growth so that compounding will accelerate the value of your investments over time.
As with a Registered Retirement Savings Plan, there is a yearly contribution limit. This year, it’s set at $6,000. However, your contribution room has been accumulating since the TFSA was introduced in 2008. If you were 18 years or older at that time (the age you must be to open a TFSA), it is currently at $75,500.
To learn your personal limit, check your annual Notice of Assessment from last year’s tax return. Then add $6,000 for this year. You can also verify your contribution room through the My Account section of the Canada Revenue Agency (CRA) website.
Don’t confuse a TFSA with an RRSP. Contributions made to an RRSP offer a tax deduction today, which is appealing. However, when you withdraw cash in retirement, you must pay that deferred tax bill. A TFSA offers no tax deductions but is permanently tax sheltered. Combined with shrewd financial planning, it can reduce your tax burden in your golden years.
While leveraging the opportunity to grow your investments, you can also withdraw cash at any time, without penalty. The lost contribution room can be reused the following calendar year.
TFSA contribution limits are projected to continue rising in the future, but of course there are no guarantees. So, get to work on developing the potential of your TFSA. It’s about much more than just saving money. Ask your Financial Advisor to help you create a powerful investment strategy for your account.
Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!
I am sorting out relevant information about gate io recently, and I saw your article, and your creative ideas are of great help to me. However, I have doubts about some creative issues, can you answer them for me? I will continue to pay attention to your reply. Thanks.
I’m gone to inform my little brother, that he should also pay a visit this weblog on regular basis to get updated from most recent information.
It is perfect time to make a few plans for the longer term and it is time to be happy. I have read this submit and if I may just I wish to recommend you few interesting things or suggestions. Perhaps you could write next articles relating to this article. I want to read more things approximately it!
Great site. A lot of useful information here. I’m sending it to some buddies ans also sharing in delicious. And naturally, thank you on your effort!
Hi there! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My website addresses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you might be interested feel free to send me an e-mail. I look forward to hearing from you! Terrific blog by the way!
My relatives always say that I am wasting my time here at net, except I know I am getting knowledge daily by reading such pleasant posts.
Wonderful blog! Do you have any hints for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any recommendations? Many thanks!
Hi, i think that i saw you visited my website so i came to return the favor.I am trying to find things to improve my website!I suppose its ok to use some of your ideas!!
Howdy, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam responses? If so how do you stop it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any help is very much appreciated.
Hello there I am so happy I found your site, I really found you by error, while I was researching on Google for something else, Regardless I am here now and would just like to say many thanks for a marvelous post and a all round thrilling blog (I also love the theme/design), I dont have time to go through it all at the minute but I have saved it and also included your RSS feeds, so when I have time I will be back to read much more, Please do keep up the awesome b.
I don’t know if it’s just me or if everyone else experiencing problems with your website. It appears like some of the text within your posts are running off the screen. Can someone else please comment and let me know if this is happening to them too? This could be a problem with my web browser because I’ve had this happen before. Thanks
Way cool! Some very valid points! I appreciate you writing this article and also the rest of the site is very good.
I blog frequently and I truly appreciate your content. The article has really peaked my interest. I will bookmark your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.
Sweet blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Many thanks
Wow, this piece of writing is nice, my sister is analyzing these things, thus I am going to let know her.
At this time I am going to do my breakfast, after having my breakfast coming again to read more news.
An impressive share! I have just forwarded this onto a friend who had been doing a little research on this. And he in fact bought me breakfast because I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this topic here on your web page.
This is very interesting, You are an overly professional blogger. I have joined your feed and look forward to in the hunt for more of your magnificent post. Also, I have shared your site in my social networks
Hi there! This is my 1st comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading through your articles. Can you suggest any other blogs/websites/forums that go over the same subjects? Thanks a lot!
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how can we communicate?
I think this is one of the most significant information for me. And i’m glad reading your article. But want to remark on few general things, The site style is perfect, the articles is really nice : D. Good job, cheers
Thank you for sharing your info. I truly appreciate your efforts and I am waiting for your next post thank you once again.
Hi there, I enjoy reading all of your post. I like to write a little comment to support you.
Hi there to every body, it’s my first visit of this website; this webpage includes remarkable and really good data in favor of readers.
Hello there! I could have sworn I’ve been to this website before but after browsing through some of the posts I realized it’s new to me. Nonetheless, I’m definitely pleased I discovered it and I’ll be bookmarking it and checking back regularly!
Hi there would you mind letting me know which hosting company you’re utilizing? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot quicker then most. Can you suggest a good web hosting provider at a reasonable price? Cheers, I appreciate it!
Hi to every body, it’s my first visit of this weblog; this blog contains awesome and really good data for readers.
Asking questions are really nice thing if you are not understanding anything fully, but this article gives nice understanding even.
Simply want to say your article is as surprising. The clearness for your post is simply spectacular and i can assume you are a professional in this subject. Well together with your permission allow me to grab your RSS feed to stay up to date with approaching post. Thank you one million and please continue the rewarding work.
Wow, that’s what I was looking for, what a stuff! present here at this website, thanks admin of this site.
Excellent blog here! Also your website loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol
Hi friends, its enormous piece of writing regarding teachingand completely explained, keep it up all the time.
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You definitely know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something enlightening to read?
At this moment I am going to do my breakfast, when having my breakfast coming again to read additional news.
Hi! Someone in my Myspace group shared this site with us so I came to look it over. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Exceptional blog and terrific style and design.
My brother suggested I would possibly like this blog. He used to be totally right. This post actually made my day. You cann’t consider just how so much time I had spent for this information! Thank you!
Usually I do not read article on blogs, however I wish to say that this write-up very forced me to take a look at and do so! Your writing taste has been amazed me. Thank you, quite great article.
Because the admin of this website is working, no hesitation very rapidly it will be famous, due to its quality contents.
Wow, amazing blog layout! How long have you been blogging for? you make blogging glance easy. The entire glance of your web site is great, let alonesmartly as the content!
It’s very simple to find out any topic on net as compared to books, as I found this post at this site.
Highly energetic blog, I liked that a lot. Will there be a part 2?
Hi Dear, are you actually visiting this website regularly, if so then you will absolutely take nice knowledge.
Good info. Lucky me I found your website by accident (stumbleupon). I have book-marked it for later!
Hello, I check your new stuff regularly. Your writing style is awesome, keep doing what you’re doing!
I have read so many articles or reviews about the blogger lovers but this post is really a nice post, keep it up.
Hi there to every body, it’s my first visit of this webpage; this weblog includes awesome and truly fine data for readers.
Hello would you mind stating which blog platform you’re working with? I’m planning to start my own blog in the near future but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something completely unique. P.S My apologies for getting off-topic but I had to ask!
I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from. thank you
I don’t know if it’s just me or if everyone else experiencing problems with your website. It seems like some of the text on your posts are running off the screen. Can someone else please comment and let me know if this is happening to them too? This could be a problem with my browser because I’ve had this happen before. Thank you
I was recommended this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my difficulty. You are wonderful! Thanks!
Wonderful beat ! I wish to apprentice at the same time as you amend your web site, how can i subscribe for a blog web site? The account aided me a applicable deal. I have been tiny bit familiar of this your broadcast provided shiny transparent concept
Wow, this piece of writing is good, my sister is analyzing such things, so I am going to inform her.
Hi Dear, are you actually visiting this site daily, if so then you will absolutely get good knowledge.
My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on a number of websites for about a year and am anxious about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be really appreciated!
I got this web site from my friend who informed me about this site and now this time I am visiting this web site and reading very informative posts here.
I believe what you postedwrotesaidbelieve what you postedtypedthink what you postedwrotesaidthink what you postedwroteWhat you postedwrotesaid was very logicala lot of sense. But, what about this?think about this, what if you were to write a killer headlinetitle?content?wrote a catchier title? I ain’t saying your content isn’t good.ain’t saying your content isn’t gooddon’t want to tell you how to run your blog, but what if you added a titleheadlinetitle that grabbed people’s attention?maybe get people’s attention?want more? I mean %BLOG_TITLE% is a little plain. You could look at Yahoo’s home page and see how they createwrite news headlines to get viewers interested. You might add a related video or a pic or two to get readers interested about what you’ve written. Just my opinion, it could bring your postsblog a little livelier.
I think the admin of this website is in fact working hard for his site, since here every data is quality based information.
What’s up mates, its great post concerning teachingand completely explained, keep it up all the time.
Please let me know if you’re looking for a article writer for your site. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d really like to write some material for your blog in exchange for a link back to mine. Please send me an e-mail if interested. Kudos!
I really love your blog.. Pleasant colors & theme. Did you create this website yourself? Please reply back as I’m hoping to create my very own website and would like to learn where you got this from or what the theme is called. Many thanks!
Строительство автомойки под ключ – неутомимая забота и полный контроль на каждом этапе, от проекта до открытия. Ваш бизнес в надежных руках!
Currently it seems like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
I really love your site.. Very nice colors & theme. Did you develop this web site yourself? Please reply back as I’m looking to create my very own blog and want to learn where you got this from or what the theme is called. Thank you!
Hey there, You have performed an excellent job. I will definitely digg it and in my opinion recommend to my friends. I am sure they will be benefited from this web site.
863217 985777you may have a amazing weblog here! would you wish to make some invite posts on my weblog? 292737
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.com/en-IN/register?ref=UM6SMJM3