Comments on: The Tax-Free Savings Account (TFSA) – A Creative Financial Approach

By: WHAT NOW? (part one)

WHAT NOW? (part one) — Wed, 25 Nov 2009 09:02:22 +0000

[...] next thing I am going to do is open a tax-free savings account. I will go into more detail on these accounts in a later posting but essentially, each individual [...]

By: The Financial Blogger » Blog Archive » 2 Things I Would do With My TFSA Account

Thu, 06 Aug 2009 10:28:44 +0000

[...] August this week and you haven’t opened your TFSA account? What are you waiting for? The TFSA (Tax Free Savings Account) has been in place since the beginning of 2009, sponsored by the Canadian Government. While I had [...]

By: Smac20

Smac20 — Mon, 03 Aug 2009 16:50:37 +0000

I have been think a lot and reseaching what to invest in using my TFSA. After much careful analysis I find that an investment that has high dividends, is tax inefficient, and relatively low risk should be used in the TFSA. In the following article, http://investcanada.blogspot.com/2009/08/tfsa-tax-free-savings-account-best-tfsa.html, you can see why income trusts should be used.

By: Myles Rempel

Myles Rempel — Tue, 09 Jun 2009 19:12:07 +0000

Do investors think they should put their higher or lower earning investments into a TFSA? Some consultants are saying to put investments such as GICs into a TFSA because they are taxed at the highest rate (as interest income). This makes sense mathematically, but who wants their TFSA to grow at only 3 or 4%?

By: The Financial Blogger | Tricks to Improve Your Net Worth Part1

The Financial Blogger | Tricks to Improve Your Net Worth Part1 — Tue, 06 Jan 2009 10:54:50 +0000

[...] of January 2009, you can contribute up to 5K per person per year into a Tax Free Savings Account (TFSA). This won’t give you any money in returns, but will allow your investment to grow tax [...]

By: Tax Free Savings Account Info

Tax Free Savings Account Info — Tue, 09 Dec 2008 06:51:27 +0000

After re-reading this article what amazes me the most is that DESPITE The Financial Blogger and other reputable sources that have been talking about the TFSA since at least the first quarter of 2008, yet most Canadians STILL have NO Clue as to what it is and how it works. More people need to utilize all the financial tools available at their disposal.

By: The Financial Blogger | Possible Ways to Make Cash Down for a Mortgage

The Financial Blogger | Possible Ways to Make Cash Down for a Mortgage — Mon, 10 Nov 2008 10:00:58 +0000

[...] to buy your house in 12 to 24 months, you are better off with an investment account. With the TFSA (Tax Free Savings Account created by the government, it will be easier to get a decent yield without being taxed on it. For [...]

By: The Financial Blogger | TFSA VS RRSP – The Ultimate Fight

The Financial Blogger | TFSA VS RRSP – The Ultimate Fight — Tue, 18 Mar 2008 10:00:46 +0000

[...] the Canadian Government’s create of the Tax-Free Saving Account, many bloggers wrote their thoughts about it. I did a comparison between the RRSP and the TFSA in [...]

By: This and That

This and That — Fri, 07 Mar 2008 01:23:12 +0000

[...] The Financial Blogger compares TFSA with RRSPs. [...]

By: Paul

Paul — Sun, 02 Mar 2008 15:07:33 +0000

The U.S. has had the Roth IRA since 1997 as a tax-sheltered retirement savings vehicle, so Canada was way behind on this. But now Canada has leap-frogged ahead with the TFSA: contribution room isn’t “use it or lose it” (it’s carried forward indefinitely) and it offers complete withdrawal flexibility.