Tax-free Savings Accounts

Tax-free Savings Accounts

How TFSAs Can Make You Rich

Book - 2013
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Tax-Free Savings Accounts are the most powerful personal savings vehicle available to Canadians. Although they were first introduced in 2009, TFSAs still haven't been opened by thousands of Canadians, who are passing up the opportunity to add thousands of tax-exampt dollars to their personal wealth! Plus, many people who have TFSA accounts don't make regular contributions.

One of the the problems is that TFSAs are much more complex than they first appeared to be. This book provides the information Canadians need fo the most effective ways to take advantage of this great investment opportunity.

Trusted financial expert Gordon Pape wrote the first and only definitive guide to TFSAs, which became a huge bestseller. In this completely revised and updated edition, Pape provides clear and easy-to-understand advice to help you get the most from your TFSA and how to get started if you haven't yet opened an account. With details of rule changes, investment strategies, and pitfalls to avoid, Tax-Free Savings Accounts shows you how tomaximize your investment, correctly manage withdrawals, successfully understand fees so you won't get hit with unexpected charges, and much more.

It's time to take control of your money and make a TFSA a key component of your plan to achieve financial freedom.

Publisher: Toronto : Portfolio/Penguin, c2013.
Edition: Completely rev. and updated ed.
ISBN: 9780143184775
Branch Call Number: 332. 02401 PAP 2013
Characteristics: xi, 252 p. : ill.


From Library Staff

If you still haven't opened a TFSA, this book may change your mind (and your bank account).

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May 20, 2015

TFSAs seem like a pretty straight forward investment vehicle at first glance - you put money in up to the contribution limit, and you take it out when you need it. But, as the book points out, there are various strategies a person can use for the growth of the money depending on your life stage and financial circumstances. The book covers numerous scenarios and real life examples to provide a wide range of TFSA investing options. A good solid resource.

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