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Thread: Canadian Investors...TFSA?

  1. #1 Canadian Investors...TFSA? 
    RX Senior Bruins4Life's Avatar
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    I'm considering opening a TFSA. I have been a passive investor for years.

    Any advice for someone new to the TFSA scene?
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  2. #2  
    RX Senior Bruins4Life's Avatar
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    For my non Canadian brothers, A TFSA is a Tax Free Savings Account. You can use this money to invest in stocks, mutual funds, etc and you are not taxed on any earnings. Currently you are allowed to deposit $57,500 max into this but only $5500 a year thereafter.
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  3. #3  
    RX Wizard
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    OPEN an account

    understand, any gains are TAX FREE.

    in a non-registered account OR a RRSP (delayed taxation), the full FORCE of the Canadian govt will want its share. For capital gains, 50% of realized capital gains will be taxable at your current tax rate.

    a no-brainer. You can thank the Harper government. He was sent packing.....now?......we have a DISASTER running the show ...he decreased max contribution to a TSFA immediately...........

    any withdrawals from a TSFA are NOT seen as income.






    do not put GIC's /bonds in a TSFA. Rubbish.
    Pinarello (Paris) 2012 , dura-ace c50, shimano ultegra Di2
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