How to Invest in a TFSA in 2022 (Step by Step)

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In this video, I Explain How to Invest in a TFSA in 2022 For Beginners in Canada! Did you know you can invest and earn TAX-FREE returns on your investments? Well, if not, the Tax-Free Savings Account, or TFSA, allows you to do exactly that! The TFSA is a registered Canadian investment account that allows you to invest in stocks, bonds, ETFs and many other asset classes to earn tax-free returns.

But how do you invest in a TFSA in 2022? You can open a TFSA with a brokerage like Wealthsimple Trade or Questrade, allowing you to trade stocks on the stock market. Since this account is very popular, the government sets annual TFSA contribution limits, which is $6,000 in 2022. There are many other rules you'll need to know before starting to invest in a TFSA, which is why I've made this video for you! I also walkthrough how to set up a TFSA with Wealthsimple Trade and show you how to buy a stock in Wealthsimple Trade!

4 Simple Steps to Invest in a TFSA (Explained in DETAIL in the video):
1. Determine Your Cumulative TFSA Contribution Room
2. Choose a TFSA Brokerage
3. Open & Fund Your TFSA
4. Start Investing in Your TFSA!

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Investing Books I Recommend Reading:
1. One Up On Wall Street - Peter Lynch: https://amzn.to/3khxn1o
2. The Intelligent Investor - Benjamin Graham: https://amzn.to/2ThlHyJ
3. Rich Dad Poor Dad - Robert Kiyosaki: https://amzn.to/2NlE5Tk
4. The Book on Rental Property Investing - Brandon Turner: https://amzn.to/2Tfq1yE

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Cheers,
Nick Peitsch

#Investing #Stocks #TFSA

Видео How to Invest in a TFSA in 2022 (Step by Step) канала Nick Peitsch Investing