TFSA – Tax Free Savings Account
Filed Under Education, Finances, Investing · Tagged: tax free savings account, TFSA
I’ve been looking into the TFSA a little bit, and it seems like a great idea. In fact it appears at first that you can invest this money into whatever RRSP’s can invest into. For those of you that don’t know what this is, this is a new account that you can put up to $5,000 personally each year, per person. So if it is you and a spouse, you can put in $10,000 a year and invest that money, and any gain in the account you can take out tax free.
If you are interested in this, and would like more info, please let me know and I’ll do a larger article on the new TFSA.
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