Tax-Free Saving Accounts

Tax-Free Saving Accounts

How TFSAs Can Make You Rich

Book - 2013
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Tax-Free Savings Accounts are the most powerful personal savings vehicle available to Canadians. Although they were first introduced in 2009, TFSAs still haven't been opened by thousands of Canadians, who are passing up the opportunity to add thousands of tax-exampt dollars to their personal wealth! Plus, many people who have TFSA accounts don't make regular contributions.

One of the the problems is that TFSAs are much more complex than they first appeared to be. This book provides the information Canadians need fo the most effective ways to take advantage of this great investment opportunity.

Trusted financial expert Gordon Pape wrote the first and only definitive guide to TFSAs, which became a huge bestseller. In this completely revised and updated edition, Pape provides clear and easy-to-understand advice to help you get the most from your TFSA and how to get started if you haven't yet opened an account. With details of rule changes, investment strategies, and pitfalls to avoid, Tax-Free Savings Accounts shows you how tomaximize your investment, correctly manage withdrawals, successfully understand fees so you won't get hit with unexpected charges, and much more.

It's time to take control of your money and make a TFSA a key component of your plan to achieve financial freedom.

Publisher: Toronto : Penguin Canada, c2013
Edition: Completely rev. and updated ed
ISBN: 9780143184775
Branch Call Number: 332 .024 PAP 2013
Characteristics: xi, 252 p. :,charts ;,21 cm

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britprincess1ajax
Apr 13, 2017

A good overview of all things TFSA, as well as taking many a detour into specific situations, Gordon Pape writes an excellent guide to the mysterious savings account that threw everybody for a loop when it was introduced in the Conservative budget of the late-noughties. As someone who rushed to open a TFSA as soon as I could, I learned a lot about the different ways that TFSAs can work for you, especially considering individual circumstances. The fact that TFSAs do not affect your right to old-age benefits is one great reason to use the TFSA as, say, a supplementary retirement account (or, in some cases, the entire retirement account, depending on how frugally you live and your contribution room). Either way, Gordon Pape hits it out of the park again with his great, Canadian financial advice. If you want to learn about TFSAs, this is definitely the book to read.

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