TFSA, Explained - Everything You Need To Know About The Tax Free Savings Account For Beginners

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Steph & Den

Steph & Den

Күн бұрын

Пікірлер: 321
@stephandden
@stephandden 2 жыл бұрын
Do you have any questions about CDIC protection of deposits held in a TFSA? Ask away below!
@saadfarooqui5649
@saadfarooqui5649 2 жыл бұрын
Question: Do you get any interest charges when you open a TFSA account? If yes is there a way to completely avoid this, like I don't want to receive interest and I don't want to pay any interest. It is a religious thing so you answer will be very helpful. Thanks
@jorgeandrade7872
@jorgeandrade7872 2 жыл бұрын
I have a question, maybe I didn’t understood, if I am at top of my TFSA, but my annual dividends make me go above the limit, what should I do? Should I take out the dividends or should I reinvest it? Thank you 🙏🏻
@j.frankparnell3087
@j.frankparnell3087 2 жыл бұрын
@@jorgeandrade7872 The limit is only on what you contribute, not on the total balance of your account. If you contribute your maximum and your investment doubles in value, you are fine. And you can still contribute even more when the next year rolls around.
@jorgeandrade7872
@jorgeandrade7872 2 жыл бұрын
@@j.frankparnell3087 great, thank you 🙏🏻
@luzmarball5392
@luzmarball5392 Жыл бұрын
Hi, thank you for the video on TFSA accounts. If I want to buy stocks using my TFSA account what is the minimum time I can hold them before selling them? Do I have to be a long time investor if I want to trade using my TFSA account? Thanks again.
@imagamerful
@imagamerful 10 ай бұрын
It’s a crime that this isn’t taught in high school
@stephandden
@stephandden 10 ай бұрын
Seriously!
@cutestanimalvideos-06
@cutestanimalvideos-06 19 күн бұрын
Not really
@Inhumaneghost
@Inhumaneghost 2 жыл бұрын
Absolutely the best explanation of a TFSA ever. Great job, wish it was explained this way to us in school. I'm passing this on too so many people.
@stephandden
@stephandden 2 жыл бұрын
So glad you liked it - and thank you for passing it on! 😊
@madisonswan2241
@madisonswan2241 12 сағат бұрын
Stumbled upon your channel roughly 2 hours ago and I've already got a financial literacy bible going. I never knew where to even start with finance questions. thank you so much!
@labbdogg2929
@labbdogg2929 Жыл бұрын
Mehn, I usually do not comment on KZbin. But damn, you guys did a great job of explaining how the TFSA works. I had to log in to make this comment. Great job guys appreciate it.
@stephandden
@stephandden Жыл бұрын
Thanks so much! We're glad you liked it, and we really appreciate your comment 😊
@shirazmahdi
@shirazmahdi Жыл бұрын
The best video on TFSA ever. Very clear, very detailed and very creative. This is service to humanity !!!
@stephandden
@stephandden Жыл бұрын
Thanks so much! We're so glad you found it helpful 😊
@abdulabdillahi931
@abdulabdillahi931 2 жыл бұрын
I like the work that went into this video, especially dividing the video into multi - mini clips. Loved it. Definitely increased the content's quality. Way to go guy!
@stephandden
@stephandden 2 жыл бұрын
Thanks so much, Abdul! We're glad you liked it 😊
@ronakkumar1934
@ronakkumar1934 2 жыл бұрын
Best explanation for TFSA. Keep up the good work :)
@stephandden
@stephandden 2 жыл бұрын
Thank you! 😊
@EElia-bj9tp
@EElia-bj9tp Жыл бұрын
This video presentation on TFSA stands out as one of the finest. As someone new to the topic, it greatly aided in comprehending the entire concept of TFSA
@Visage7978
@Visage7978 Ай бұрын
I just stumbled across this channel and I am surprised you guys haven't got a million subs yet. Amazing video, amazing content, and clear explanations. I know I will be watching many more videos from your channel.
@stephandden
@stephandden Ай бұрын
Thank you so much - we're so happy to hear that! 😊
@MaeLees
@MaeLees 2 ай бұрын
Thank you Steph and Dan! your channel helps me so much as i'm trying to become financially literate. As a Canadian, i find it so helpful that your videos are specific to my country! No guess work required. Seriously, your help is invaluable, please keep it up :)
@AllisonFisher-w8y
@AllisonFisher-w8y 11 ай бұрын
I am wanting to learn about investing and I happened to come across this video. You guys made it so simple to understand. Thank you!
@stephandden
@stephandden 11 ай бұрын
Thank you for watching! 😊
@mahams8954
@mahams8954 5 күн бұрын
I always get confused about TFSA and such relation accounts. This was a helpful video, thank you.
@stephandden
@stephandden 5 күн бұрын
We’re so glad that you found this helpful! 😊
@tineschrijvers3174
@tineschrijvers3174 5 ай бұрын
Excellent video. So clearly explained. First time I saw a video by you & the simplicity of explanation, using simple language to explain terms meanings, showing pictures and speaking clearly & slow enough to catch all the info were the reason I subscribed immediately.
@stephandden
@stephandden 5 ай бұрын
Thank you so much - we appreciate it 😊
@wanderlander.abroad
@wanderlander.abroad 4 ай бұрын
You guys have explained this so clearly and in so much detail, im honestly so happy i found your channel. When I went to my bank to ask thek how a TFSA worked (and asked them specifically to explain it to me like a 5 year old as I'm not Canadian but a Permanent resident) they couldn't. I still left the office confused (i did open it thank goodness) and it would've been so helpful if they would have explained it the way you guys did. Thank you thank you thank you!!
@stephandden
@stephandden 4 ай бұрын
That’s great - we love to hear that! We’ve got more content coming so we’re glad you found us.😊 Also, the sad truth is that some bank employees often don’t know how the accounts work themselves. Many are tasked with selling products as opposed to empowering customers with education.
@PearlOfJoy7
@PearlOfJoy7 Жыл бұрын
This video is EVERYTHING. You've answered so many questions! Thank you for sharing!
@otsam1050
@otsam1050 2 жыл бұрын
Cool video, I needed this. The whole investment field was quite overwhelming, basic intros like this are helpful 👍🏽
@stephandden
@stephandden 2 жыл бұрын
So glad it was helpful! 😊
@mukeshpuri4757
@mukeshpuri4757 Жыл бұрын
Perfectooo... thats a Deep and 100% knowledge related to TFSA in one video. Really Awesome ❤
@HouseofHalal
@HouseofHalal 2 жыл бұрын
I have a question. As mentioned at 2:16 onwards. Is it worth it to put your emergency savings in a high interest savings account if you have to pay tax on it? Does the benefit outweigh the tax you have to pay on the earned interest rates or are you losing money from that? Would love some more details and specifics on that. Thank you !
@LuizFrank
@LuizFrank 3 ай бұрын
Excellent video. You are very educational, congratulations. I arrived from Brazil 3 years ago and now after becoming a permanent resident, I will be able to create my TFSA. Thank you for the explanations.
@stephandden
@stephandden Ай бұрын
Thank you for watching + your comment! We're so happy to hear that 😊
@saadfarooqui5649
@saadfarooqui5649 2 жыл бұрын
This video is so dope. Finally a proper explanation of TFSA!!
@stephandden
@stephandden 2 жыл бұрын
🙌🏿🙌🏻 we're glad you liked it!
@snapascrew
@snapascrew Ай бұрын
12:44 ok so if I’m understanding this correctly: let’s say my contribution limit is 50k and I put 50k in, and then in one years time the stock I’m invested in turns that 50k into 500k, the following year I can still add in another $6k (let’s say 6k is the following years contribution limit) and it can still grow and grow and I won’t have any penalty’s from the CRA ?
@abu_staif
@abu_staif 3 ай бұрын
Thank you so much for this. I just turned 19, which is the age of majority in BC, so I can open a TFSA account now. I needed this video.
@stephandden
@stephandden 3 ай бұрын
We're so glad that this was helpful 😊
@ashleyedmonds9045
@ashleyedmonds9045 2 жыл бұрын
Ive been contributing direct from my paycheque into 2 different TFSA's (wealthsimple and rbc) but I dont understand how I invest the money once it's in the account. Wealthsimple shows me how the funds will grow overtime with. my risk level but as for my RBC account I just opened it and nothing happens. So how do you invest the funds within the account to grow further?
@mohammadfarhanmir929
@mohammadfarhanmir929 2 ай бұрын
Best way of doing that is to shut up and ask ur husband to take care of it. This requires a brain that has the capability to think.
@DAMON409
@DAMON409 10 күн бұрын
Excellent explanation. Other videos are just confusing. So I guess you have to know how much contribution room you have from year to year. Or if you try to deposit too much money will it automatically tell you that you went over your limit?
@darin6630
@darin6630 Жыл бұрын
Great basic yet through explanation of the what where and how about TFSAs Crystal clear Thank you both
@stacy-annmorgan6685
@stacy-annmorgan6685 2 жыл бұрын
Thanks for the info on the CDIC. Much help for a quick understanding.
@stephandden
@stephandden 2 жыл бұрын
Glad you liked it! 😊
@misscd7777
@misscd7777 7 ай бұрын
Very new to all of this. Would love a video or explanation on how to invest through your TFSA. Also would you say to have a HYSA first and then TFSA with any extra income left over after pay day? What if you’re not a high earner and can only contribute a bit each month to either of those accounts? Which steps would be best to take ? Also is it hard to transfer funds from current bank to a HYSA ? Thank you for all your information!
@Ioana515
@Ioana515 5 ай бұрын
Steph and Den you are a God sent!!! Bless your hearts! I needed you in my life. I am an independent contractor and have been watching your videos to learn about investing and saving money for retirement wisely. Taxes have been very rough for me in the past 2 years since I started my independent contractor journey. Now that I am learning about all the tax free investing accounts I have a question: which one of the accounts would you recommend for someone like me who wants to pay less taxes,invest and save for a real estate property? Thank you from the bottom of my heart.
@CarlMathews-e4q
@CarlMathews-e4q 10 ай бұрын
By far the best video on TFSA
@stephandden
@stephandden 10 ай бұрын
Thank you so much 😊
@kevincharles265
@kevincharles265 2 жыл бұрын
I look forward to your videos every week! Financial literacy is something i've been intrigued in subconsciously and being from Toronto as well, I'm so happy to have found your channel to educate myself on various financial and credit products that I wouldn't have discovered prior! I also started using EQ bank thanks to your channel's informative video! Keep killing it guys!
@stephandden
@stephandden 2 жыл бұрын
Thanks so much, Kevin! We appreciate you and are so glad you're here 😊
@lucaromano1479
@lucaromano1479 11 ай бұрын
You guys are incredibly helpful, thank you so much for your videos!
@abuabdullah9878
@abuabdullah9878 8 ай бұрын
10:30 Let's say January 2021 you're capped at the contribution limit $50,000. And let's say the money grew to $55,000 by August and you take the money out. Also let's assume the next year's contribution limit is only an additional $4000 for a total of $54,000... Then would the amount you'd be able to re-contribute into the account in 2022 from that total amount be capped to $54,000? Since--as you say--the contribution limit doesn't increase with the income gains?
@Roawhocnk
@Roawhocnk 8 ай бұрын
Thank you so much! I glad to have found your channel. You guys explain information so well 👍👍👍👍
@bryanmilner7262
@bryanmilner7262 2 ай бұрын
Question for clarification . Assuming you reached the max contribution limit for TFSA and are investing within TFSA say into etfs returning for simplicity reasons 10 percent . So 95k max contribution limit 10 percent . 9500 does that money earned count as a contribution toward the fallowing year. In other words does it need to be withdrawn in order to stay under max limit and not pay penalties ? Or is that 9500 rolled into the total and and can be re invested . Earning you more interest year after year .
@ChengeerLee
@ChengeerLee Жыл бұрын
Love it. Super clear. Great production. You both are excellent communicators 🎉 kudos
@stephandden
@stephandden Жыл бұрын
Thanks so much! 😊
@justismeier9356
@justismeier9356 5 ай бұрын
what are the pros and cons between opening up a TFSA with a bank or institution versus an online brokerage company/app?
@cyrusmobini1321
@cyrusmobini1321 9 ай бұрын
Great video. I had a question, I'll try to explain it with a scenario. Person A and B are the same age and let's say at this year they both have never contributed anything and have an accumulated room of 50k. Person A deposits and invests the 50k in January and with some good investment his money has now grown to 60k in October. Person A decides to withdraw all the money (50k initial money + 10k gain). It is now the next year and the government has added another 5k to the limit. person B who has never contributed anything now has an accumulated limit of 55k. But what about person A? Does he now have 65k room? Did that 10k gain increased his contribution room as well? or out of the 60k he withdrawal, only the 50k is added back?
@pietropaolofrisoni4575
@pietropaolofrisoni4575 Жыл бұрын
Thank you for the lovely and informative video. I have a simple question. Let's say that I am an international worker who obtained a Canadian SIN at the age of 25 (and I was not in Canada before). In that case, my total contribution room starts from when I obtained my SIN, not from when I turned 18. Is that so? Thank you so much, all the best
@ElectiverBFF
@ElectiverBFF Жыл бұрын
if i make american dividends in my non registered account then move that dividends to my tfsa is that better than having that American dividend stock in my tfsa and taking that 15 percent withholding fee?
@davidpiatek8443
@davidpiatek8443 11 ай бұрын
I have a question ...so if I invest $50000 in January...and by August my investment doubles to $100000....do I still have room to contribute? and what happens if I withdraw $20000...making my total account value $80000...ok so maybe that's 2 questions
@OmarEfr
@OmarEfr 13 күн бұрын
Hi, I have a question. If you've already reached your annual limit of 6K in your TFSA, and your dividends from your ETFs are being reinvested, does that generate a penalty because you're over-investing? THANKS for your videos, I've learned a lot.
@cmair77
@cmair77 11 ай бұрын
That was very helpful. You guys did a great job explaining, thank you.
@dennisevangelista1972
@dennisevangelista1972 22 күн бұрын
I opened through my bank. Can i still use a brokerage to invest in it?
@breenguyen5692
@breenguyen5692 11 ай бұрын
Hi Steph and Den, Great video ! Do you think you can make one on how to understand your quarterly mutual fund statement? What the numbers mean and the various graphs? Thank you !
@fatimaouedraogo1820
@fatimaouedraogo1820 2 жыл бұрын
Such a great video ! Very informative and everything is very well explained. Thanks for mentioning the benefits that an HISA would have over a TFSA if the money is just sitting there, haven’t thought of that 😅 Keep up the good work! ✨
@stephandden
@stephandden 2 жыл бұрын
Thanks for watching, Fatima 😊 We appreciate it!
@adalicainicela1515
@adalicainicela1515 Жыл бұрын
Thank you so much guys, best explanation!
@stephandden
@stephandden Жыл бұрын
Thanks for watching! 😊
@nickistlouis
@nickistlouis 3 ай бұрын
I'm learning so much from you channel. Thank you
@stephandden
@stephandden 3 ай бұрын
We’re so happy to hear that! 😊
@TA-qg2op
@TA-qg2op 11 ай бұрын
I have a question about capital gain on US securities in TFSA. Are they subject to capital gain tax in Canada?
@rohitkaushal542
@rohitkaushal542 2 ай бұрын
Can International students (Study Permit) also do investment through TFSA?
@gianthills
@gianthills 11 ай бұрын
Great job. Just wondering how to use this account to buy stocks.
@dennisevangelista1972
@dennisevangelista1972 22 күн бұрын
How do i reduce paying fees when investing in my tfsa
@LillianBeaudoin-y2x
@LillianBeaudoin-y2x Ай бұрын
Excellent job on explaining TFSA. I have a $120,000 line of credit with bank, would it make sense for me to move that line of credit to my TFSA? Thanks
@alexanderfernandez9469
@alexanderfernandez9469 Жыл бұрын
Wonderful content guys, thank you for sharing. I have a question, are crypto investments able to be hold in the TFSA?
@lejansma
@lejansma Ай бұрын
So if I invest my money in a tfsa GIC can I reinvest the money earned in another tfsa GIC without affecting my limit?
@APAKOLYPTIK
@APAKOLYPTIK Жыл бұрын
Steph & Den, thank you so much for this video!!
@stephandden
@stephandden Жыл бұрын
So glad you liked it! 🙏🏿🙌🏻
@HP-zc9cp
@HP-zc9cp 10 ай бұрын
New to your channel, great explanation but can you please explain that when you buy stock so for how long you have to hold it to not pay tax?
@rabbitruler44
@rabbitruler44 24 күн бұрын
Would you say it’s a bad idea to invest in my tfsa if I have provincial and federal student loans? Thanks for the video, very educational!
@brandonbuss3224
@brandonbuss3224 Жыл бұрын
Excellent video guys, thanks for sharing
@stephandden
@stephandden Жыл бұрын
Thanks Brandon! 😊
@katsadventures7027
@katsadventures7027 5 ай бұрын
How do you know? If your tax-free savings account is maxed how do you find these things out?
@Faraz70
@Faraz70 Жыл бұрын
Can we have a money market fund in TFSA?
@ayushpatel3721
@ayushpatel3721 6 күн бұрын
If I have invested 50000 dollars and I have that much of contribution room too and then my money grows to 70000 dollars, so in this scenario, would I have to pay taxes for that 20000 above my contribution room which I haven't invested but gained it??
@Tylenol888
@Tylenol888 11 ай бұрын
Question, i have non registered account and has high interest savings and has 1.60 percent interest, my question is, does opening tfsa, is there option also that i can save inside the tfsa in a high interest savings just like in my non registered account?
@shakilarahman2234
@shakilarahman2234 2 жыл бұрын
From you TFSA funds you make an investment in a housing project is it cover y CDIC
@tdl2920
@tdl2920 11 ай бұрын
thoughts on holding index ETF's like VOO or VTI in the TFSA....is it better to buy the US listed version or the Canadian version?
@intjprogrammer3877
@intjprogrammer3877 29 күн бұрын
Are there any tools to tell how much contribution room is left?
@stephandden
@stephandden 28 күн бұрын
Your CRA MyAccount tells you your left over contribution room once per year (in January) 😊
@aellmaa
@aellmaa 6 ай бұрын
Question: My wife is Canadian and I just became PR and came to Canada. Neither of us have a TFSA at this point. Should we just open up one and max it out and then open a second one or should we open up two right away?
@caper087
@caper087 Жыл бұрын
would I be better off investing US stocks/ETFs with my RRSP or TFSA ?
@pierrejackson6865
@pierrejackson6865 2 жыл бұрын
Hello! If you open a TFSA account in a bank, are there fees associated?
@Daisy-ku6gd
@Daisy-ku6gd 7 ай бұрын
What if you have contribution room for 50 k and withdraw 3000 dollar, Can you invest back that 3000 and some more since you have a lot of contribution room still?
@STUDENTSCA-bx8kx
@STUDENTSCA-bx8kx 22 күн бұрын
To open this account do I need to be permanent resident, or just normal work permit holder can open it?
@sayjae_code_to_coda
@sayjae_code_to_coda Жыл бұрын
Do you recommend investing through a bank or an online broker?
@alicenoemiesquivelsierra
@alicenoemiesquivelsierra 4 ай бұрын
I'll be 18 in a few months and I'm planning on opening a TFSA account. I was wondering, are TFSA contributions tax-deductible?
@ChrisandRusty
@ChrisandRusty 9 ай бұрын
Question: If you hit the contribution limit by dipositing/investing into your TFSA, does that mean you can't gain any money from interest/gains adding to the money you initially put in.?
@crochetreat
@crochetreat 9 ай бұрын
the answer is at 12:40 🙂
@mohammedlayes9248
@mohammedlayes9248 Жыл бұрын
Are there any types of investments (inside TFSA) that are considered illegal/taxable?
@raymondly3293
@raymondly3293 2 жыл бұрын
Love everything you guys are doing. Keep up the good work!
@stephandden
@stephandden 2 жыл бұрын
Thanks so much! 😊
@sugandhagupta5168
@sugandhagupta5168 10 ай бұрын
Does this contribution has to be from my Canadian earnings? Can I put my savings that I transferred from India after moving here?
@nmnsain
@nmnsain 11 ай бұрын
Thanks for the video. I am new resident and moved to Canada in 2023. Do I have the contribution room from the years I was >18 years old but not in Canada?
@zxu-zv2yy
@zxu-zv2yy 9 ай бұрын
What if I mistakenly withdrew 1500 dollars this year from TFSA and later instead invest 1500 dollars less, I invest to maximum as I forgot that 1500 withdrawn? What should I do now? To withdraw another 1500 dollars? Thank you
@jfrosh9690
@jfrosh9690 2 жыл бұрын
thank you guys so much for explaining this to me like i am 5 years old omg i feel empowered
@stephandden
@stephandden 2 жыл бұрын
Ha, of course! That's the goal 🙌🏿🙌🏻
@nirmalnanecha7887
@nirmalnanecha7887 4 ай бұрын
I have contribution room of 24000. I invested 14000 and then I took out 10000. Can i invest 10000 more which is my TFSA limit?
@JeffWillProfess
@JeffWillProfess 10 ай бұрын
You guys are awesome. How did you get into all this?
@crepeitup
@crepeitup 8 ай бұрын
So something happened to me in my TFSA investment. I had a qualified security that became non qualified (delisted due to under 1$ ect) I left it alone and by the end of the year CIBC investment edge took $8k out of my account even though I had my investment move to my individual investment account. Few questions... 1. I've transferred my $38k security out but did not sell this security. So when I sell this security I will be double taxed 2. Will I still have $38k to put back into my TFSA account or have I lost this due to the transfer
@crepeitup
@crepeitup 8 ай бұрын
Also my TFSA account became a negative balance so I had to put funds to cover my negative balance. This may caused my contribution to be over my limit 😭
@katherineberard
@katherineberard 9 ай бұрын
Im lost...what do you mean you hold your investments inside your TFSA?
@stephandden
@stephandden 9 ай бұрын
A TFSA is an investment account that you buy investments inside of (we walk through this in this video, starting at 4:00) 😊
@katherineberard
@katherineberard 9 ай бұрын
@@stephandden I'm sorry, I still don't understand.....you use money that you already saved in your TFSA to "buy" investments?
@vikulsood9564
@vikulsood9564 Жыл бұрын
You guys explained best from all. ❤🎉
@stephandden
@stephandden Жыл бұрын
Thank you! 😊
@evansweet1382
@evansweet1382 Жыл бұрын
Good starter video but mentioned nothing about withholding tax on us stocks/ETFs
@loveshantgrewal
@loveshantgrewal 10 ай бұрын
Great video . just the thing i needed. Question: If we put money in TFSA, will that money becomes itself tax free for that year ? or the tax free applies to any gain we will will get on that money? For example if we put 5000$ in TFSA and gain 500$ and total amount becomes 5500$. Will the whole amount 5500$ is tax free or just 500$ is tax free?
@imaginosdesdinova
@imaginosdesdinova 7 ай бұрын
Anything about TFSA annual reporting?
@stephandden
@stephandden 7 ай бұрын
There’s no annual reporting required on your part. Your brokerage sends TFSA information each year to CRA and unless you’ve been day trading within your TFSA (it’s not allowed), you should be good to go.
@imaginosdesdinova
@imaginosdesdinova 7 ай бұрын
@@stephandden Thank you! That is what I suspect but it is not absolutely clear at CRA web who sends report. Cheers!
@BGMBURDY
@BGMBURDY 3 ай бұрын
My main question is, if you decide to withdraw your 10,000 after losing 40,000. Is that 40,000 in contribution room lost permanently, or just for the next calendar year?
@stephandden
@stephandden 3 ай бұрын
You’ve lost it permanently. It’s also a deterrent for anyone that wants to stock trade within this account because the TFSA is really for long term investing so you have to be careful on what you purchase inside of it.
@BGMBURDY
@BGMBURDY 3 ай бұрын
@stephandden Oh, okay. Thank you 😊
@tamara_diamonds422
@tamara_diamonds422 10 ай бұрын
I see I have a large TSFA. Is that my money to use?
@edemkofi6428
@edemkofi6428 Жыл бұрын
if you just became a permanent resident, do you still have your max limit starting from 2009, cumulating it to today or you can only start investing from the year you became a permanent resident?
@barborabratova4346
@barborabratova4346 Жыл бұрын
What happens to the account if a Canadian moves abroad? Can they still contribute as a citizen but non-resident?
@thetiredlinecook
@thetiredlinecook 2 жыл бұрын
if i have nothing but split-funds and etfs in my portfolio,and said investments give me lets say 500 a month,does my contribution room technically grow? im a buy and hold for the long term and really have no plans of taking any money out of my tfsa for another 10 years.
@thetiredlinecook
@thetiredlinecook 2 жыл бұрын
follow up question,do dividends count as realized gains?
@blackyrocky7438
@blackyrocky7438 Жыл бұрын
The dividend we make from the TFSA is taxable ??? To be on point- whatever we make like dividends, stock gains is taxable or not??
@dt5772
@dt5772 11 ай бұрын
Not taxable
@indjsankar
@indjsankar Жыл бұрын
Hai there , I have a question, I Have invested 1220$ more than my limits of tfsa , approximately how much i have pay tax
@JasmineKaur-mm4ni
@JasmineKaur-mm4ni Жыл бұрын
Are international students are allowed to invest in tfsa?
@Tylenol888
@Tylenol888 11 ай бұрын
Question, opening tfsa and put my 20k on gic, does my 20k is safe? Like whatever happen to market, my capital is safe? I will not lose money on gic? Thanks
@chriscox1535
@chriscox1535 Жыл бұрын
I’m curious is a non redeemable gic tfsa 5% 1 year a good investment or not ? I also have a saving deposit tfsa
@canelita4596
@canelita4596 Жыл бұрын
Hi guys! Can I contribute the full contribution room in the same calendar year if I have not contributed before?
@Mike-ym6rl
@Mike-ym6rl 9 ай бұрын
Thanks for the info. Do we need to report anything annually to the CRA regarding the activity within the TFSA account?
@stephandden
@stephandden 9 ай бұрын
No, you don’t need to report anything - your brokerage will do that for you if necessary 😊
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