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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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  4. #4  
    RX Junior
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    The USD/CAD is the big mover of the Asia session for Friday, climbing to 1.2846 on NAFTA headlines in the overnight session. The pair is back into 1.2830 as of writing, but the pair is decidedly bullish to end the week.


    The US Dollar is getting propped up on NAFTA headlines today, as renegotiations failed to produce a workable agreement by the US' self-imposed Thursday deadline. In this aspect canadian dollar to us dollars, Chances of a successful NAFTA closure for 2018 are looking slim as Mexico gears up for a Presidential election, and the incoming President of Mexico is likely to shake up the entire negotiating team, bringing the entire process to a grinding halt
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