EVERYTHING You Need To Know About the TFSA | Retirement In Canada

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Our complete guide to the Tax Free Savings Account (TFSA).
#stockmarket #canada #theinvestingacademy
FREE TFSA WORKSHEET | www.theinvestingacademy.ca/fr...
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Timestamps:
Intro (0:00)
What Is A TFSA? (1:43)
Eligibility (3:32)
Contributions (4:32)
Three Account Types (10:40)
In-Kind Transfers (11:44)
Investment Choices (14:25)
Death of a TFSA Holder (17:05)
Non-Residents (22:22)
Common Mistakes (23:43)
Strategies (29:55)
Misconceptions (34:54)
Outro (43:43)
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About Brandon Beavis:
Brandon Beavis was one of the youngest advisors to become fully licensed here in Canada.
In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.
At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.
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About Marc Beavis:
Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.
Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.
Marc previously served as a Director of the Canadian Association of Financial Planners (Now FP Canada) including the roles of Vice President and Director of Ethics.
When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
For our full legal disclaimer, please visit our website: www.theinvestingacademy.ca/Di...

[@beaviswealth]

📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy In this video, we'll cover everything you need to know to manage your TFSA properly.

[@ankur2375]

Can we buy Chinese companies' ADR listed on US market?

[@sish6]

How would one go about scouting companies to invest in ?

[@jamilakhader655]

My son has disability , so l opened for him 2 FTSA because he works a few hrs a week, he gets paid bi-weekly , so l arranged with the back to take some of the pay and put it in his FTSA , l don't know if this is the right way to contribute , l did send u a msg Mr. Beavis on messenger but waiting for u to respond , l really need ur help , because the bank doesnt explain enough for me to understand, much apprecited

[@momo35444]

this is absolutely golden!!! pure researched knowledge!!! for free!!! thank you so much for getting deeper in the world of TFSA. if everyone starts with this video, were all better off!! thanks marc!

[@beaviswealth]

Thanks a ton. Really appreciate your support. - Marc

[@khuo0219]

This one deserves the ultimate tag! Marc outdid Brandon on this one. Now if you can make one for RESPs I would be ecstatic.

[@beaviswealth]

Thanks Kun. I'll be sure to add RESP to the to do list. - Marc

[@rickpacan4497]

Marc always does!

[@derekcox6531]

Brilliant episode Marc! The TFSA is such a powerful tool for Canadians and you hit all the nails on the head.I’m sure this episode will be referred back to many times by many people. Perfect! 👍👍👍

[@beaviswealth]

Hey Derek. Thanks a ton for your nice comment, and for supporting the channel as you always do. - Marc

[@michaelschwenk9743]

Wow, I learned a LOT of new things. For free KZbin content, this is above and beyond what is usually free.

[@beaviswealth]

Thanks, Michael. I appreciate that. - Marc

[@Ur_clickbait_is_trash]

Wooo Hoo!! a few minutes in and already making popcorn to watch the rent. 10/10

[@beaviswealth]

Enjoy! - Marc

[@rickpacan4497]

One of the most detailed TFSA videos on the web- great work!

[@beaviswealth]

Thanks, Rick. Appreciate your comment. - Marc

[@frixx22]

This video is legendary! The fact that it is an all in one makes it the best of the best. These videos need to be long and full of information so that we can save them and go back to them whenever we are looking for knowledge. Marc you are the best! Every account should have a video like this!

[@beaviswealth]

Wow.. thanks for your nice comments. I try to keep these at a reasonable length, but I wanted this to be all encompassing rather than breaking it down into smaller videos. I might do some in the future on various sections, but this was the long one! Thanks for watching, and I'm glad you enjoyed. - Marc

[@PaulaJoW]

Thank goodness for KZbin - and this channel!

[@beaviswealth]

Thanks for watching - Marc

[@lovegodmyself]

Thx so much! This video helps me a lot and it's probably the most easiest and detailed one to understand so far on KZbin.

[@MegsCarpentry-lovedogs]

This was perfect! The bookmarks throughout the video make it ideal to locate particular info on TFSA. Thank you for such a well organized video preparation. 👍🇨🇦🍁😀😷💉

[@sapphyreviolet]

Best video yet! Definitely do more of these! I learned so much

[@beaviswealth]

Thanks. Really happy you were able to learn from watching. - Marc

[@evadeanu1]

Brilliant Marc! Thanks for putting this together for us.

[@nmpt304]

This video was great! Thank you for your time into developing such great resources!!

[@beaviswealth]

Thanks, Nancy, and you're welcome. - Marc

[@krystlejoyce4427]

Such an amazing guide! Already shared it with some of my friends that have been looking for this info :)

[@beaviswealth]

Awesome, and thank you so much for sharing the video. Appreciate you commenting and so glad you enjoyed the video - Marc

[@BusinessTipsWithYulianna]

I love watching interesting information about Canadian market. Thanks.

[@beaviswealth]

Cheers. - Marc

[@richardramos5660]

Great content Mark and Brandon! More of this videos... Thank you for all topics you are sharing.

[@beaviswealth]

You bet. Thanks for taking the time to watch and comment. - Marc

[@barabudi]

Extremely useful video! Would love to see a video by Mark about the RRSP.

[@beaviswealth]

Thanks for your comment. I will do an RRSP at some point... maybe later in the year or early 2022. - Marc

[@roberttaylor3594]

or more details about deciding between a TFSA and RRSP...a few scenarios as examples.

[@wrifwrif]

All I can say is thank you, and for sure I will share this to my friends.

[@beaviswealth]

You're welcome, and thanks for considering sharing the video. Much appreciated. - Marc

[@kimmykero2421]

As always, great video! Nice to see well presented Canadian content - much appreciated!!

[@beaviswealth]

Thanks, Kimmy. - Marc

[@freetofly7017]

Amazing presentation on a complicated subject - comprehensive, concise and detailed analysis. Thank you for sharing your knowledge.

[@ryanm7171]

Great video as always. I would add another important reason you might not want to use your TFSA account to speculate on risky investments. In addition to just not being able to deduct to deduct the loss, you also permanently lose that same amount or room in your TFSA going forward. It might be tempting to buy that penny stock hoping it doubles, triples, or go through the moon all tax free, but if the same stock goes to zero, you have nothing. Just think about how much the same amount might have been worth if had been allowed to grow, and compound during your lifetime prior to needing it at retirement. To the rich who can afford to speculate because they could afford a loss , do what you want, but for the rest of us, I think we should be very prudent with our TFSAs. I speak from experience, as someone who lost quite a bit of money in my TFSA and has taken years to break even again. Whereas my regular portfolio had done just fine because I wasn't so greedy.

[@beaviswealth]

Great comment, Ryan, and thanks for sharing your experience. When these were rolled out in 2009, I was shocked at how many people who had spent their entire lives buying GICs, were all of a sudden high risk investors. Blew me away. Thanks for watching. - Marc

[@00deadmoney41]

Simply put, this is the defacto TFSA video anyone should watch if they're at all interested in this investment vehicle. Incredibly thorough and well presented.

[@beaviswealth]

Thank you for much. - Marc

[@NorthPoleInvesting]

Great video once again, really helpful guide that covers everything you need to know about a TFSA

[@beaviswealth]

Thanks. - Marc

[@christinemcliesh7628]

This was truly amazingly informative, I have learnt a lot. Thank you...

[@beaviswealth]

Thanks, Christine. Thanks for watching. - Marc

[@kikimo57]

what a great presentation in layman's terms. Was on point and of great help

[@beaviswealth]

Thank you very much. - Marc

[@kashyappatel833]

The best video out there on TFSA! When next time someone asks me a question on TFSA, all I have to do is forward this video!

[@beaviswealth]

Wow, thanks, and I'm really glad you found this video useful. Cheers. - Marc

[@marcio7708]

Amazing explanation! I shared this with friends! Thank you!

[@beaviswealth]

Awesome, and thanks so much for sharing. - Marc

[@user-vs8wu9bj6e]

Marc once again you knocked it out of the park! you gave me much to chew on with the succession angle, my wife thanks you

[@beaviswealth]

Thanks for your comment. And tell your wife she's welcome. 😄 - Marc

[@annehenderson7911]

So much learning in this video, thanks.

[@beaviswealth]

Thanks Anne. Always appreciate that you take the time to leave a comment. - Marc

[@brucecampbell208]

Excellent video to learn more then just the basics on a TFSA!

[@beaviswealth]

Thanks, Bruce. A bit deeper and longer, but hopefully it will provide good, rounded info. - Marc

[@harleenkaur5781]

Amazing video thanks Marc

[@littleninjai222]

Thanks for another great video, Marc! I'm so glad you clarified at 35:50 mins that you can contribute "100K" vs. $75,500 (your TFSA jar grew).

[@beaviswealth]

Glad it was helpful! It's something that seems to always cause confusion. - Marc

[@KimJilene]

Went back and listened to this point! I had no idea you could put back the limit PLUS growth back the following year! Awesome to know that!

[@enkhsaruultorguud9293]

The best of the best of knowledge and experience Thank you very much

[@jeffshepherd6077]

What a wealth a knowledge! Thank you Marc and The Academy. Broly

[@beaviswealth]

Thanks a ton! Truly appreciate your support of our channel and Academy. 👍 - Marc

[@Astral106]

Wow amazing info!! Thank you so much!!! I did wonder about this and couldn't find it anywhere else!!🥰🙏

[@beaviswealth]

Glad it was helpful, Serena. We appreciate you watching. - Marc

[@bryanerickamunquist9441]

Thank you very much. The more people that find out this information the more people can benefit. It’s such an important asset. Great video.

[@beaviswealth]

Thank you very much, and I'm glad it was helpful! - Marc

[@eralee5322]

Love your contents and details

[@atlantium65]

Man, really really enjoyed this one. Fantastic content.

[@beaviswealth]

Thanks Christian. Glad you enjoyed the video and content, and we appreciate you supporting the channel. Cheers. - Marc

[@tc5991]

Great info. Your channel continues to provide awesome info, especially to the younger generation of Canadian investors.

[@beaviswealth]

Thanks so much. We appreciate your support. - Marc

[@jonisousa-guthrie3121]

EXCELLENT Marc. Best info on TFSA-day trading. I have seen numerous videos on this issue and NO ONE laid it out as clearly as you did. 👍👍👍👍👍

[@beaviswealth]

Thanks so much... appreciate your kind comment. - Marc

[@andvfx]

Thanks a lot for the most detailed explanation on TFSA available online! I once had an overcontribution on the TFSA, I had over 10K sitting there for a year (not even invested), I read wrong the CRA and where I thought it was my contribution room, actually was in bold and in between (10k) brackets so was an overcontribution. The penalty I had to pay was quite big. I paid the full amount immediately and fix the overcontribution, but I also write a detailed letter explaining my mistake to the CRA. They acknowledge that was not a delivered mistake, and give me a refund of the penalty I paid. So at the end they are humans too. Obviously try to never overcontribute, but if it happens you can explain to them your mistake and you have some room of time to fix it.

[@beaviswealth]

Oh wow... thanks for sharing your story, and I'm thrilled it had a happy ending. 🙂- Marc

[@tiagogalvani5341]

Great video Marc! Very well explained!! I wish I had seen this video before I made couple mistakes which you have mentioned in the video!! lol.. For sure it will help a lot of people !!

[@beaviswealth]

Thanks for commenting, and I hope your 'mistake' wasn't too big! I did the same thing many, many years ago, but with my RRSP, not my TFSA. Pretty much the same though, and we learn from our mistakes. Glad you enjoyed the video, and thanks for your support. - Marc

[@Will-sz5yx]

Amazing video Mark, lots of work and research put into this one. Very helpful and informative.

[@beaviswealth]

Thanks so much, and thank for watching. - Marc

[@spencerli3918]

Awesome and details Video…Thank you very much 4 sharing

[@beaviswealth]

You're welcome, and thanks for watching. - Marc

[@spincastercom]

Such a great resource. Well done!

[@beaviswealth]

Thanks, Troy, and thanks for your support. - Marc

[@jemzjyp]

Thank you!

[@rahelehfarhadi952]

Thanks so much for the information! I learned a lot :)

[@beaviswealth]

Glad it was helpful, Raheleh. Thanks. - Marc

[@michellevinie8126]

This video was very helpful and easy to follow. Thank you!

[@beaviswealth]

Glad it was helpful, Michelle. Thanks for taking the time to comment. - Marc

[@brianquinn2404]

Great video, very informative! Thank you😁😁

[@beaviswealth]

Glad it was helpful, Brian. Thanks for watching and for taking the time to leave your comment. - Marc

[@chrisbauld5387]

Marc is BOSS LEVEL!!!

[@beaviswealth]

Thanks Chris! We appreciate your support. 👍 - Marc

[@jemsey189]

Thanks for your free great info, keep up your awesome job.

[@beaviswealth]

Our pleasure. Thanks for watching. - Marc

[@acdatz6222]

Great info!!! Thank you.

[@beaviswealth]

Thanks, and you're welcome. Thanks for watching. - Marc

[@ti5826]

Very helpful thanks!

[@beaviswealth]

You're welcome, and thanks for watching. - Marc

[@SherlockMahomes99]

Added it to my favorites! :)

[@taehwahong5824]

Great video. Thank you Marc

[@beaviswealth]

Thank you very much; we appreciate your support. - Marc

[@JustInvestToday]

thanks for the informative videos for the Canadians

[@beaviswealth]

My pleasure. Thanks. - Marc

[@TamerAzizz]

Great breakdown - One of the most advantageous accounts offered to us Canadians 🤑

[@beaviswealth]

Thanks a ton. Appreciate your support. - Marc

[@newfy1593]

Great video, very informative. Thanks

[@beaviswealth]

Thanks very much. Appreciate your support. - Marc

[@doeastroloji]

Thank you so much for your amazing explain.

[@beaviswealth]

Thanks Doe, for watching and commenting. - Marc

[@jjsaund4396]

Amazing video, thanks

[@beaviswealth]

Thanks a ton. Always appreciate your support. - Marc

[@ShameerRavji]

Thx for the vid.

[@annehenderson7911]

I really appreciate the successor holder information.

[@beaviswealth]

You bet. - Marc

[@karacrawford7393]

Looking for topic ideas? How about educating folks about pros and cons of self employment in this gig economy

[@onlygrowthincome3365]

Great information!

[@beaviswealth]

Thanks very much. - Marc

[@BryanrasonCa]

Great video.

[@beaviswealth]

Thanks a ton. - Marc

[@sandysuma]

Thanks! This is a very useful video. You cleared a lot of misconceptions and given some great advice on TSFA. Please do one on RESP.

[@beaviswealth]

Thanks. I have had a couple of RESP requests, and have added it to my list of future videos. - Marc

[@CanadianDividendInvesting]

Awesome video for beginners!

[@beaviswealth]

Thanks! - Marc

[@torontoBluejays87]

Could you please do a RDSP? The rules are tricky in that one. I know it’s not for most people but disabled people should be fully aware of the benefits it provides. And who knows, someone could easily need it one day if some unforeseen accident happens right? 🤷‍♂️

[@krishnashukla1897]

So much detailed video . Very informative . I learnt so much. Could please make one for resp as well

[@jonm1066]

definitely the best guide for tfsa

[@beaviswealth]

Thanks a lot, Jon. Appreciate you watching. - Marc

[@rennie12]

Well Done!!

[@beaviswealth]

Thanks! And thanks for watching. - Marc

[@robbieventresca18]

Marc, another home run 👏👏

[@beaviswealth]

Thanks a ton. Appreciate you watching our content. - Marc

[@williambrady1043]

Thank you. Avery informative, clear and straight forward video. I'm subscribed but am going to check out the investment academy.

[@beaviswealth]

Hi William. Thanks for watching and for taking the time to leave your comment. - Marc

[@sxd1002]

Great vidéo thank you

[@beaviswealth]

Very welcome, and thanks for watching. - Marc

[@artsmart]

Great video Marc, I believe you pretty much covered every aspect of TFSAs. We sold our house last year and have a small surplus, so my wife and I will both open individual TFSAs as I understand we can't have a joint account. Another question I've wondered about is this; can a person put the deed to real estate inside a TFSA account as long as it doesn't exceed the limit? Say something like a piece of land or lot. Is this possible? Thanks Marc

[@NicolasJ12]

Great video with some misconceptions I was not even aware of. I will say this though: 2 reasons I prefer investing in my TFSA than in an RRSP are: 1. I expect to make more money - and hence be in a higher tax bracket - after the withdrawal age for RRSP 2. We know today what our tax brackets are. We do not know what they will be in 20, 30, 40 years. So you could make a plan where you put money in at a 30% bracket and get a nice chunk of return, but in 30 years, you will have to pay 70% of taxes on your withdrawals. Not saying this will happen, but we don't know what the future holds As much as money today (the tax return from your RRSP to reinvest) is better than money tomorrow, in this case I find the 2 points above outweigh this mantra. In all other circumstances, I prefer money today because I know I can 10X it.

[@beaviswealth]

Appreciate you sharing your thoughts. All the best as you move down this investment journey. - Marc

[@KimJilene]

Totally agree! Can you imagine us paying less taxes 20 or 30 years from now? Definitely NOT! And I am aiming to make a higher income in retirement than I make now, cause with inflation alone, I will need make more to survive. I rather pay the tax now at this rate, than pay the tax for later, which will for sure be higher.

[@frankschmitt5582]

Thanks mark great video! What do you consider a low, medium or high income?

[@rdhar619]

Excellent video, Marc! Loved the in-depth explanation. Hit the thumbs up just 6 minutes into the video. However, it would be beneficial if you or Brandon could make a video on how can international students can invest here in Canada. Any additional rules for international students or which platforms suit us better? Keep up the great work! Sending positive vibes from Calgary!!

[@beaviswealth]

Thanks for the Calgary vibes! We appreciate you watching and taking the time to comment. I will make note of your suggestion re international students, but would have to do some serious research first because that's not an area I'm familiar with yet. Will make a note though, and see what happens! - Marc

[@wdm1984]

Can you do a video on other registered accounts like RESP RDSP etc.

[@Alexcai9528]

Another banger.

[@beaviswealth]

Thanks, Alex. Cheers. - Marc

[@jashanjotnagi]

nice one

[@ladeof204]

Thank you sir... Can you also explain the Define Contribution Pension Plan?

[@Jennybooluvsu0125]

Thank you for providing such valuable information to the public! Just a quick question, do referral rewards and dividends received count towards TFSA contributions?

[@missyb96]

Just a heads up in applying with The online CRA account. If They have issues with your email account in any way, you will not have access to your account even if you try to access your account through the option of going through your bank. You would think accessing it through your bank would get you into your account but no. When you use the online CRA account you will NOT get mail from them. I had to call the CRA to see what was happening and that’s what I was told. Sucks when you owe the government taxes yet don’t get the info regarding owing them then you are charged late fees as well. Lesson learned 😁

[@Emily-yr7oz]

Hi Marc! Great video, your depth of knowledge has been such a blessing 😊 I’m a recent grad (23 years old) and I’ve maxed out both TFSA and RRSP. When I first began investing, I was definitely eager so I jumped in with little strategy. I currently hold many US blue chip companies in my TFSA along with volatile stocks such as Nio, palentir and alibaba. I was wondering, do you recommend perhaps opening up a margin account to allocate these growth stocks to? I’m not an active investor and I’m unsure what would be the best thing to do… Additionally, what do you think about investing student loans as the government recently extended their interest free period until 2023? Thank you so much!

[@FellatioHoratio]

Made the mistake of withdrawing TFSA instead of transferring between TFSA. Great vid, wish the government could better inform young adults of this info.

[@beaviswealth]

Yah, that's pretty common. Hopefully this video will save at least a few people from doing that! - Marc

[@fpmcontent1282]

Is there any benefit to opening a personal wealth simple account ? Love the channel btw 💯

[@Rob-ob3sh]

Great video Marc. One question in regards to day trading. When you said they look at the amount of trades you make. You would mean a trade is a buy and sell the same stock in min hrs. I make a lot of buys every week but very rarely sell as I’m a buy and hold investor for my TFSA. So I would have no issues. I just buy small amounts very frequently because I’m using Wealthsimple with no commission and buy when I can lower my average cost and gets me a better yield on my dividends.

[@beaviswealth]

If you're buying, even in small amounts, and rarely selling, that falls far outside the guidelines that are used to determine whether you're running a 'business' inside your TFSA. From what you describe, you don't have a worry in the world. - Marc

[@reaperboy7274]

Can you make one for RRSPS!!!!

[@juanperez-gh8bl]

Los impuestas son un tema que me genera conflicto, aquí en Colombia evito pagarlos (legalmente) porque el gobierno se roba el dinero, prefiero ayudar a las personas directamente, pero en Canadá no evitaría mis impuestas, estaría gustoso de pagar unos impuestos altos porque veo que el gobierno los distribuye mucho mejor para las personas. Me encantó toda la información Marc! "Taxes are an issue that generates conflict for me, here in Colombia I avoid paying them (legally) because the government steals the money, I prefer to help people directly, but in Canada I would not avoid my taxes, I would be happy to pay high taxes because I see that the government distributes them much better for the people. I loved all the information Marc!"

[@beaviswealth]

Hola Juan. Thanks for watching, as always, and for leaving your comments!- Marc

[@Jvang102]

Very informative, can you have more than one RRSP , let’s say Questrade and WealthSimple ?

[@beaviswealth]

Yes, you can have multiple RRSPs. You just need to keep within the limits of your contribution room between them. - Marc

[@thegrinderdude5921]

Great videos. I do have a question as it pertains to other sources of income. I am 61 and own two coffee shop/restaurants. The business has no debts and pre-Covid was quite profitable. The business is still a self-proprietorship and I'm questioning whether or not I should incorporate. Maybe a question for another time but perhaps not if there are benefits to do it sooner rather than later? Anyway, I would like to retire at 68 but gradually lighten my load from 65-68. I am looking at hiring a good manager, pay them well, keep my hands in the business until 68, perhaps until 70, and take some drawings or profits out of it in retirement. At 70 I would entertain selling it. Thoughts or advice? Very much enjoy your videos. Thank you.

[@Fationyoutube]

Can you hold options on your tfsa?

[@willkeen5010]

Great information! I think the name is misleading, should be called the Tax Free Investing Account. I fell into the savings trap early on and didn’t realize the broad range of investments that could be held.

[@beaviswealth]

Agreed... so many people think it's just for a GIC. Thanks for commenting. - Marc

[@michaelv2376]

Great TSFA presentation, Brandon. Is there a video that we can view about RRIF's, like would it better to invest in our RRIF's vs TSFA's ? Thank you so much Michael

[@beaviswealth]

Thanks for your comment, Michael. I suspect we'll do a video on RRIFs, etc., at some point. Probably in the near year. - Marc

[@sethakira6221]

During your investing days do you recall any of the worst timed IPO's? Like IPO's during crashes due to 9/11 or any other event that caused a crash in the market. Just curious and trying to make a connection to now because there are still a lot of good IPO's coming up and I am curious if crashes occurred after a hyped up IPO. Hope that question makes sense.

[@joshuavill]

Is there foreign withholding tax for an ETF with US holdings that is traded in TSX? Also, would this ETF be a bad choice to buy in TFSA?

[@alwayspositive999]

Nice vid well explained- didn't understand 'not creditor protected'- could u pls explain thanks

[@beaviswealth]

That means that if you owe someone money (a creditor) and they sue you, they can include your TFSA as a place they can get money from. Hope that clears it up! - Marc

[@roberttaylor3594]

Nice summary of mistakes! I know the designated exchange list is long....but which brokers offer TFSAs that can access anything but Canadian and US exchanges? I can't find any.

[@roberttaylor3594]

Nice summary of TFSA s, not mistakes!