I am at a point in my life where I am extremely committed to
investing and saving for my retirement. Of course, the TFSA is a
new addition for us Canadians and I wanted to make sure that I
really understood the concept and all the ins and outs of this
plan. I wanted to make sure I got the best bang for my money.
So, I went directly to the Canadian financial guru for my
information and the Tax Free Savings Account book written by Gordon
Pape is (as I knew it would be) the definite book on the subject.
Pape, in his usual way, explains to all us layman the ins and outs
of the TFSA account - documenting everything from its beginnings to
implementation and more importantly, how the average person can
best benefit from this new financial tool offered by the
governement.
As with any other investment tool, there are many different
scenarios to cover and Papae does a wonderful job of explaining
what is best - depending on your financial situation.
He answered all of the questions I had and cleared up some
ambiguity that I had towards some of the more intricate aspects of
this plan.
I like reading Pape's books because he manages to take something
complicated and makes it easy to understand and easy to implement.
This is not a large book - but it is loaded with valuable info.