TFSA EXPLAINED: The Complete Guide to the Tax Free Savings Account🍁
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 tax-free contribution rooms. If you’re looking for a high-yield resource on the TFSA, this is for you! 𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: 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 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀: 1) FHSA EXPLAINED: • FHSA EXPLAINED: Saving For Your First Home... 2) All in One ETFS: • What is the BEST Asset Allocation ETF for ... 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀: 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

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