Tax-Free Savings Account – Coming Soon
December 27, 2008 by Gord Pye
Filed under Columns, Financial Advise You Can Invest In
The new Tax-Free Savings Account (TFSA) is designed to help Canadians save for important goals and reduce their overall tax bill. Beginning in 2009, if you reside in Canada and are at least 18 years of age, you can contribute up to $5,000 per year to a TFSA and then watch your savings grow tax-free throughout your lifetime.
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