Tax-Free Savings Account (TFSA)

ACC-HE

Are you going to use it?

Should EVERYONE use it?  Why or why not?

What are you going to put inside? GIC? Mutual Funds? Bonds? regular saving accounts?

http://www.budget.gc.ca/2008/pam ... t-depliant2-eng.asp

ACC-HE

原帖由 siuyudim 於 2008-11-20 12:22 發表
won't GIC be better than regular savings?

Just a little bit higher on interest rate on high-interest saving accounts, but not by a whole lot?  I think that is heykevin's point?

[ 本帖最後由 ACC-HE 於 2008-11-20 13:12 編輯 ]

ACC-HE

原帖由 pkphilip 於 2008-11-20 00:36 發表
ING Direct has the Tax Free Savings accounts a few months already. They are running a promo now that you get twice the interests, and the account will convert to the Tax Free account next year.

I alr ...

ING is only offering 2.7% after Dec 31... Can I still transfer 5k out of it and into some other investments?

ACC-HE

so... what are u guys investing in that account?

just regular hi-saving acct?

ACC-HE

So.. here it is, 2009!

Where did your 5k go at last??

ACC-HE

原帖由 chunsh 於 2009-1-2 12:56 發表
so the account can only have $5000 max. What if I got some interests from that $5000? (assuming 2.7% annual, $11.25)
since 5011.25 > 5000, what would happen to the extra $?

the extra $ is tax free... it will not count as part of your income.

ACC-HE

原帖由 tripixel 於 2009-1-6 18:28 發表
I invested $2000 into a canadian equity fund. And set up a monthly plan for $250.

canadian equity fund? which one?