Tax-free Savings Accounts: A Guide To Tfa's And How They Make You Rich by Gordon Pape

Tax-free Savings Accounts: A Guide To Tfa's And How They Make You Rich

byGordon Pape

Kobo ebook | December 2, 2008

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This may be of the most important little investment book you'll ever read! Financial expert Gordon Pape explains the new Tax-Free Savings Account (TFSA)—the powerful new personal savings vehicle for Canadians – and provides a range of strategies that you can use to add thousands of tax-exempt dollars to your personal wealth. As of January, 2009, everyone 18 and older can contribute to a TFSA and start building your tax-free investments. This indispensible primer will help you get started on meeting your financial goals with the most valuable new savings program since the introduction of RRSPs more than 50 years ago. Pape clearly explains everything you need to know about Tax-Free Savings Accounts including: • The advantages of a TFSA • Contribution rules and limits • The best investments for a TFSA • TFSAs or RRSPs? • Withdrawing money from a TFSA • Using TFSAs for income splitting • Tips to maximize tax savings • How TFSAs can benefit retirees

Title:Tax-free Savings Accounts: A Guide To Tfa's And How They Make You RichFormat:Kobo ebookPublished:December 2, 2008Publisher:Penguin CanadaLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0143172719

ISBN - 13:9780143172710

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Reviews

Rated 4 out of 5 by from Informative Straight forward and easy to comprehend information. Every young adult should read this.
Date published: 2017-09-29
Rated 4 out of 5 by from Excellent 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.
Date published: 2009-03-01