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?

tripixel

http://www.globeinvestor.com/ser ... icator=R&page=1

Rates of GIC of Financial Institutions. This page is for, "Short-Term Registered". You can click on other three if you want to find out the rate.

ACC-HE

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

just regular hi-saving acct?

tripixel

i will put money in some canadian base mutual funds. TSX from 15,000 point to yesterday's 7,700 points. that's almost a 50% discount. i think is a good buy.

not saying that we are at the "lowest" point right now. but i know my risk level and my time frame. that's why i said is a good buy.

ACC-HE

So.. here it is, 2009!

Where did your 5k go at last??

raima

same here

chunsh

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 $?

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.

raima

yes, you can open more than one tax free account and you can invest elsewhere but you'll need to make sure the invested tax free account amount total does not exceed $5000

tripixel

I invested $2000 into a canadian equity fund. And set up a monthly plan for $250.