ITS HERE ( TFSA) Tax free savings account

DRock

DRock

Legacy Member
hey whats up..

effective January 1st 2009

a new savings account will be available.. that allows you to contribute $5000 per year.. and all gains, interest etc.. are all TAX-FREE..!

you can do monthly contributions.. lump sum deposits etc..

no penalties.. you can put in and take out whenever you want.. Max 5k per year..

if you miss some years.. you can catch up later

this is not an RRSP account.. contributions are NOT deductible against your income..

it is a tax free investment account that the Govt decided to make available..

it is opened like a regular mutual fund account or RRSP.. and when its available.. I can do that for you..!

thanks

Tony
 
Who's it with and what rate do you expect them to offer? ( will it be an introductory rate or remain constant )
 
hi,

when its available..

you'll be able to put any type of mutual fund you want..

or you can choose high interest account.. currently at 3.05%

any interest or gains earned are not taxable..
 
The Tax Free Savings account is here now.

gaining popularity very quick..!

if there are any questions on the account.. feel free to ask me..


thanks

Tony
 
you can deposit anything up to $5000 per year..

you can even do Monthly deposits.. $50, $100 per month.. etc...


options such as Mutual funds, GIC's and high interest Savings are available..

all growth and interest is completely tax free..!
 
Easy as pie.!

member just set up the Tax Free Savings Account for him and his wife.. with Manulife Bank.

www.manulifebank.ca

simple paper work.. its all done.. and thats it..

if anyone has any questions just let me know..

Tony.
 
its a good time to open up your Tax Free Savings Account.

youre allowed to put $5000 per year max.. or you can even do monthly deposits..

any growth or interest is none taxable..!!

Tony.
 
hey whats up.. happy new-year. all the best.

could be a good time to consider the advantages of a TFSA ( Tax Free Savings Account).

up to $5000 per year, in all types of investments.

all gains, interest, dividends etc.. are all none taxable..!

if you want to discuss further give me a call or send a pm.

thanks
Tony
 
hows it going...! spring has come early..

a TFSA could be a great investment vehicle to capture some nice growth in the market..

the best part with a TFSA.. all gains are tax free..!

2009 showed some big returns..

perhaps not as high as 2009, but 2010 can still post some good returns..

if you want to discuss some idea.. just pm or call..

thanks
Tony.
 
if you'd like to discuss your TFSA options.. dont hesitate to reach me..

I can help you with any of your questions.

thanks
Tony
 
hi,

the markets are sure taking a turn for the positive the last couple of days..needless to say.. there will be negative days ahead..

but alot of economic factors are slowly pointing in the right direction to keep some momentum going.. as markets of late are extemely sensative to any bits of news..etc..

thats why a good fund in a TFSA.. is a great way to take advantage of the current market and get some tax free gains in your pocket..!!

if anyone has questions or would like to get together, let me know.. my work email is best..
tony@braleyfinancial.ca

thanks
Tony.
 
Last edited:
hey whats up...

Tax Free Savings acct (TFSA) with Manulife Bank now at 2.5% insterest.

as of 2009.. you are allowed $5000 per year..

therefore if someone has not opened TFSA yet..
they are allowed to dump in $15,000 total for 2011.

other investment options are available for a TFSA..
but if you wan to go safe route, 2.5% is nice.
all interest/gains earned are 100% tax free.!!

if any questions dont hesitate to reach me.
tony@braleyfinancial.ca


thanks
Tony.
 
hey whats up..

for those who have not opened their TFSA yet..
you have good opportunity to save up good amount..
all interest and gains are NON-TAXABLE.

if you have any questions let me know

thanks
Tony.
 
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