Should I open a Tax Free Savings Account?
In here you can find information regarding:
- Contribution room
- Qualifying transfers
- Death of a TFSA holder
- Tax payable on excess contributions
- And much more...
It is important to think about what type of investment will work best for you, there are some important questions you should ask such as:
- What is the purpose of the investment, growth, security, income?
- How long do you want to keep the money in the investment?
- Do you want to have access to the funds without incurring a penalty?
If you would like to discuss if a TFSA would be beneficial for you please contact us and we will help you with your investment planning, we can also refer you to investment advisors that will help you get the most for your money.