The TFSA is the most powerful legal tax shelter for all Canadians, not just for the super rich! In this lecture I review everything you need to know about the TFSA: how it works, investing inside the TFSA, and growing your taxfree contribution rooms. If you’re looking for a highyield resource on the TFSA, this is for you!

:
0:00 Intro
0:33 TFSA is not a Savings Account
1:04 How the TFSA Works
1:25 Opening a TFSA
1:54 TFSA vs FHSA / Saving for a Home
3:19 TFSA Contribution Limits
4:28 Growing the Tax Shelter room in the TFSA
6:38 Daytrading in a TFSA
7:32 What can you Invest in the TFSA?
8:12 TFSA Investing Guide
9:36 TFSA Transfer in Kind
10:03 Overcontribution penalty of 1%
10:52 Successor vs Beneficiary in TFSA
12:35 Summary

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1) FHSA EXPLAINED:    • FHSA EXPLAINED: Saving For Your First...  
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: This content is for education and entertainment purposes only. Any information, views, and opinions expressed are solely those of the presenters and are not a substitute for financial advice specific to your personal situation.

#tfsa #investing #financialeducation