Learn more about our services: https://www.parallelwealth.com/planning'>https://www.parallelwealth.com/planning

There are so many people that contact us and have very little understanding of how a TFSA works. Financial institutions did a really bad job when the TFSA arrived in 2009 in explaining how it works, so hopefully with this video you'll get a better understanding of how contribution room works, what you can invest, and you'll be able to correct some of the mistakes or misunderstandings you have about the account.

2 articles that were used in the video:
https://youngandthrifty.ca/tfsavsrrsp/
https://fbc.ca/blog/whatisthetfsa....

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning'>https://www.parallelwealth.com/planning or email [email protected]

6 ways to level up your financial plan:
Personal Finance for Canadians for Dummies: https://amzn.to/308jzic
Free Credit Report with Borrowell: https://borrowell.com/freecreditsco...
Open an EQ Bank Account: https://join.eqbank.ca?code=ADAM8851
Financial Calculator I use: https://amzn.to/3qiFf6m
Financial Masterclass for Canadians: https://www.parallelwealth.com/master...
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OUTLINE
0:00 What Is A TFSA?
1:18 Contribution Room
2:13 Withdrawal Examples
4:51 Misconceptions
6:30 Successor Beneficiary vs. Regular Beneficiary
8:18 How To Invest
10:06 Crypto
10:41 One Possible Strategy

DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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