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Tax-Free Savings Accounts: How to Profit from the New TFSA Rules Gordon Pape

Tax-Free Savings Accounts: How to Profit from the New TFSA Rules

Gordon Pape

Published
ISBN : 9780143197966
Paperback
272 pages
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 About the Book 

Millions of Canadians have opened a Tax-Free Savings Account, with more doing so every day. First launched in 2009, TFSA plans have become one of the most popular ways to save and invest. Their flexibility and tax-saving potential appeals toMoreMillions of Canadians have opened a Tax-Free Savings Account, with more doing so every day. First launched in 2009, TFSA plans have become one of the most popular ways to save and invest. Their flexibility and tax-saving potential appeals to everyone, young and old. And you dont have to be wealthy to use them- millions of middle- and modest-income earners have opened plans and contribute to them on a regular basis.In 2015, the federal government announced a big increase in the annual TFSA contribution limit to $10,000, effective immediately. This move makes this popular investment vehicle an even more attractive option for putting money aside for future needs, including retirement, education, a new home, a special vacation, or as an emergency fund.In this completely updated edition, Canadas TFSA expert Gordon Pape explains how you can use the latest rule changes to your advantage and provides a range of strategies for maximizing tax-exempt profits. He also warns of some of the potential dangers in the plans and explains how to avoid them. And he tells readers how to decide whether to invest in TFSAs or put money into RRSPs or pay off debt.For anyone who already has a Tax-Free Savings Account or is thinking of opening one, this book is a must-read. It may be worth many thousands of dollars to you over your lifetime.