Comments on: Tax Free Savings Account (TFSA) Ideas http://financialhighway.com/tax-free-savings-account-tfsa-ideas/ Personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth Wed, 23 May 2012 06:40:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Avoid Overcontributing to Your TFSA http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-14991 Avoid Overcontributing to Your TFSA Fri, 30 Sep 2011 14:43:21 +0000 http://financialhighway.com/?p=2155#comment-14991 [...] Despite a year-long campaign to clear up confusion surrounding how much Canadians can contribute to their tax-free savings accounts (TFSAs), it seems many of us are still getting it wrong. This year, the Canada Revenue Agency (CRA) sent well over 100,000 letters to account holders telling them they overcontributed in 2010 and will have to pay a penalty. [Also see: Tax Free Savings Account (TFSA) Ideas] [...] [...] Despite a year-long campaign to clear up confusion surrounding how much Canadians can contribute to their tax-free savings accounts (TFSAs), it seems many of us are still getting it wrong. This year, the Canada Revenue Agency (CRA) sent well over 100,000 letters to account holders telling them they overcontributed in 2010 and will have to pay a penalty. [Also see: Tax Free Savings Account (TFSA) Ideas] [...]

]]> By: Personal Financial Planning and Personal Investment Articles | Personal Investment Management and Financial Planning Blog Directory http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-1811 Personal Financial Planning and Personal Investment Articles | Personal Investment Management and Financial Planning Blog Directory Fri, 13 Nov 2009 21:22:29 +0000 http://financialhighway.com/?p=2155#comment-1811 [...] @ Financial Highway presents Tax Free Savings Account (TFSA) Ideas posted at Financial Highway, saying, “How to use the [...] [...] @ Financial Highway presents Tax Free Savings Account (TFSA) Ideas posted at Financial Highway, saying, “How to use the [...]

]]> By: The Power of Small:To Achieve Big Goals, Think Small | Financial Highway http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-800 The Power of Small:To Achieve Big Goals, Think Small | Financial Highway Mon, 27 Jul 2009 09:03:15 +0000 http://financialhighway.com/?p=2155#comment-800 [...] of trying to add $5,000 a year to your IRA account (or TFSA account in Canada), it’s easier to add $416 a month, or better yet $192 every two [...] [...] of trying to add $5,000 a year to your IRA account (or TFSA account in Canada), it’s easier to add $416 a month, or better yet $192 every two [...]

]]> By: The 46th Bankruptcy & Debt Carnival- Links Online! http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-770 The 46th Bankruptcy & Debt Carnival- Links Online! Mon, 20 Jul 2009 10:29:37 +0000 http://financialhighway.com/?p=2155#comment-770 [...] @ Financial Highway presents Tax Free Savings Account (TFSA) Ideas posted at Financial Highway, saying, “How to use the [...] [...] @ Financial Highway presents Tax Free Savings Account (TFSA) Ideas posted at Financial Highway, saying, “How to use the [...]

]]> By: Book Review: Tax-Free Savings Accounts by Gordon Pape | Financial Highway http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-755 Book Review: Tax-Free Savings Accounts by Gordon Pape | Financial Highway Thu, 16 Jul 2009 09:05:03 +0000 http://financialhighway.com/?p=2155#comment-755 [...] I think the title is clear enough, but in case you are not sure the book is all about the Tax Free Savings Account (TFSA) which became available to investors January 2009. Gordon gives a little bit of background info on [...] [...] I think the title is clear enough, but in case you are not sure the book is all about the Tax Free Savings Account (TFSA) which became available to investors January 2009. Gordon gives a little bit of background info on [...]

]]> By: Ray http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-728 Ray Tue, 14 Jul 2009 13:39:13 +0000 http://financialhighway.com/?p=2155#comment-728 @ Kent, yes it is great tool for recent graduates....that is one of my tips in the earlier post @ Kent, yes it is great tool for recent graduates….that is one of my tips in the earlier post

]]> By: Kent http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-727 Kent Tue, 14 Jul 2009 10:50:17 +0000 http://financialhighway.com/?p=2155#comment-727 Great post! I've had many chats with my clients about the RRIF dilemma. Another way to use the TFSA is for young people starting to invest that don't worry about taxes thanks to things such as tuition credits. I encourage people in their situation to start investing in a TFSA and when they need to start worry about tax reduction to withdrawl from their TFSA and max out their RRSP as quickly as possible. Thanks for the ideas, cheers. Kent Great post! I’ve had many chats with my clients about the RRIF dilemma. Another way to use the TFSA is for young people starting to invest that don’t worry about taxes thanks to things such as tuition credits. I encourage people in their situation to start investing in a TFSA and when they need to start worry about tax reduction to withdrawl from their TFSA and max out their RRSP as quickly as possible.

Thanks for the ideas, cheers.

Kent

]]> By: Mike http://financialhighway.com/tax-free-savings-account-tfsa-ideas/#comment-726 Mike Tue, 14 Jul 2009 00:24:08 +0000 http://financialhighway.com/?p=2155#comment-726 Thanks for the link! Thanks for the link!

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