THE MOST COMMON MISTAKES OF A TAX FREE SAVINGS ACCOUNT (TFSA)
The Tax Free Savings Account in Canada can be confusing to understand. Avoid the most common mistakes that people make by watching this video. Let's make your money grow without having to pay penalties!
Access the downloadable and read the full article here: https://goo.gl/BQP1ob
Here is a recap of the video:
-00:30 Definition of Tax Free Savings Account (TFSA)
-00:41 Invest money for the short term
-01:06 You don’t pay tax on your capital gains
-01:43 There is a limit to how much money you can put in you TFSA
-02:27 Great way to start saving money
-03:02 Be careful, you don’t want to pay penalty
-03:16 Leaving money in cash in a TFSA defeats the purpose
-04:07 Investing example
-04:13 Tweetable: Take advantage of tax benefits with a TFSA
-04:24 Challenge: If you don’t have a TFSA, set one up. Do your best to save $5,500 this year
=====================================
** Click to SUBSCRIBE For More Videos: http://bit.ly/subscribetolimor
=====================================
Limor Markman - Money Expert
Official Website: http://Limor.Money
Instagram: https://instagram.com/limor_markman
Twitter: https://twitter.com/limor_markman
Facebook: https://www.facebook.com/limormarkman
LinkedIn: https://www.linkedin.com/in/limor-markman-3640221
=====================================
Disclaimer:
Just a reminder, that I’m not a Certified Financial Planner, the content is my opinion only. I’ve made every effort to ensure that the information in my videos has been accurately represented. I do not warrant or represent that the information is accurate, up-to-date, comprehensive, verified or complete. The content has been developed for educational and informational purposes only and is made available to you as self-help tools for your own use; it is not a substitute for professional advice. I shall not be liable for any investment decisions or any other actions taken by you based on information contained in this site.
=====================================
Видео THE MOST COMMON MISTAKES OF A TAX FREE SAVINGS ACCOUNT (TFSA) канала Limor Markman
Access the downloadable and read the full article here: https://goo.gl/BQP1ob
Here is a recap of the video:
-00:30 Definition of Tax Free Savings Account (TFSA)
-00:41 Invest money for the short term
-01:06 You don’t pay tax on your capital gains
-01:43 There is a limit to how much money you can put in you TFSA
-02:27 Great way to start saving money
-03:02 Be careful, you don’t want to pay penalty
-03:16 Leaving money in cash in a TFSA defeats the purpose
-04:07 Investing example
-04:13 Tweetable: Take advantage of tax benefits with a TFSA
-04:24 Challenge: If you don’t have a TFSA, set one up. Do your best to save $5,500 this year
=====================================
** Click to SUBSCRIBE For More Videos: http://bit.ly/subscribetolimor
=====================================
Limor Markman - Money Expert
Official Website: http://Limor.Money
Instagram: https://instagram.com/limor_markman
Twitter: https://twitter.com/limor_markman
Facebook: https://www.facebook.com/limormarkman
LinkedIn: https://www.linkedin.com/in/limor-markman-3640221
=====================================
Disclaimer:
Just a reminder, that I’m not a Certified Financial Planner, the content is my opinion only. I’ve made every effort to ensure that the information in my videos has been accurately represented. I do not warrant or represent that the information is accurate, up-to-date, comprehensive, verified or complete. The content has been developed for educational and informational purposes only and is made available to you as self-help tools for your own use; it is not a substitute for professional advice. I shall not be liable for any investment decisions or any other actions taken by you based on information contained in this site.
=====================================
Видео THE MOST COMMON MISTAKES OF A TAX FREE SAVINGS ACCOUNT (TFSA) канала Limor Markman
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
TFSA Explained (Tax Free Savings Account) Canada | Tips to Maximize Your TFSAHow to Transfer an RRSP to a TFSA without Tax ConsequencesTFSA vs. RRSP vs. Cash | Investment Accounts for Beginners (EVERYTHING YOU NEED TO KNOW)How to Make The Most of Your TFSATFSA Contribution Limit of $6000 in 2019 - Tax-Free Capital Gains Millionaire from Compound InterestDay Trading Taxes in Canada 2020 | Day Trading in TFSA Account?Tax Free Savings Account | Your Money, Your Choices with Susan DaleyHow the Tax Free Savings Account Really Works10 Things I Wish I Knew Before I Started Investing | Investing for Beginners in CanadaHow To Buy Stocks With TD Bank Online 2019 - How To Open A TD Direct Investing Account4 TFSA Investing MISTAKES To Avoid!TFSA MAXIMIZER AND THE RULE OF 72. How to make $53,000 in passive TAX FREE income in 6 years time.TFSA Account - Turning your TFSA into a personal pension planBEST CANADIAN ETFs FOR DIVIDENDS | TFSA Passive Income 2020TFSA Explained: INVESTMENT Accounts For BEGINNERS (What You Need To Know & How To Use It!)BEST High Interest SAVINGS Accounts In CANADA 2020Stock Market: How Taxes Work In CanadaRRSP Explained for BEGINNERS (EVERYTHING YOU NEED TO KNOW)10 THINGS You DIDN'T KNOW About Your TFSA | Tax-Free Savings Account In CANADAHow to Invest in a TFSA in 2021 - Investing for Beginners