TFSA (Tax Free Savings Accounts)

Should you have one or not?
YES, however it does raise quite a few other questions, like:

Where should I invest my TFSA?
similar to RSP investments you can invest your TFSA in
a “high interest savings account” or a “GIC” or a “Bond Fund” or a “Mutual Fund” etc.

How long are you going to have the TFSA invested?
is it for short term savings for a purchase or expense in the next few years,
or will this money be sitting for 5 or more years.

Can I invest in a RSP and use my tax refund to fund a TFSA?
most definitely, and is probably a good strategy for most Canadians.

Can I just move current investments or savings into a TFSA?
– yes you can up to $5000 per person over 18 years of age per year.  Also a great strategy.

These are just are a few ways to use the new TFSA’s to help secure your financial future, but which one is right for you?

Call or email us today to book an appointment and find out which one is right for you.