Tax-free Savings Accounts Revised Edition: How Tfsa's Can Make You Rich

Paperback | January 1, 2013

byGordon Pape

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Tax-Free Savings Accounts are the most powerful personal savings vehicle available to Canadians. Although they were first introduced in 2009, TFSAs still haven't been opened by thousands of Canadians, who are passing up the opportunity to add thousands of tax-exampt dollars to their personal wealth! Plus, many people who have TFSA accounts don't make regular contributions.

One of the the problems is that TFSAs are much more complex than they first appeared to be. This book provides the information Canadians need fo the most effective ways to take advantage of this great investment opportunity.

Trusted financial expert Gordon Pape wrote the first and only definitive guide to TFSAs, which became a huge bestseller. In this completely revised and updated edition, Pape provides clear and easy-to-understand advice to help you get the most from your TFSA and how to get started if you haven't yet opened an account. With details of rule changes, investment strategies, and pitfalls to avoid, Tax-Free Savings Accounts shows you how tomaximize your investment, correctly manage withdrawals, successfully understand fees so you won't get hit with unexpected charges, and much more.

It's time to take control of your money and make a TFSA a key component of your plan to achieve financial freedom.

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From the Publisher

Tax-Free Savings Accounts are the most powerful personal savings vehicle available to Canadians. Although they were first introduced in 2009, TFSAs still haven't been opened by thousands of Canadians, who are passing up the opportunity to add thousands of tax-exampt dollars to their personal wealth! Plus, many people who have TFSA acco...

Gordon Pape is Canada's best-known finacial author and the publisher of two investment newsletters: The Income Investor and The Internet Wealth Builder. He is the author/co-author of several national bestsellers, including Tax-Free Savings Accounts, Retirement's Harsh New Realities, Money Savvy Kids, and Sleep-Easy Investing. He has sp...

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Format:PaperbackDimensions:264 pages, 8.24 × 5.29 × 0.66 inPublished:January 1, 2013Publisher:Penguin CanadaLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0143184776

ISBN - 13:9780143184775

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Reviews

Rated 5 out of 5 by from Useful, Practical and Clear For anyone wondering about how TFSAs work and when and how they should be used, this book is immensely useful. The book’s subtitle “How TFSAs Can Make You Rich” is certainly well illustrated. However, there is nothing magical here: the younger investor is still ahead of the game, having more time on his/her side than the older investor who can still make large gains but for whom millionaire status may be out of reach. The author provides many investment strategies as a function of both a person’s age as well as the purpose for which the TFSA is to be used. Different types of investments are discussed along with their risks versus growth potentials. Many useful and practical examples are given throughout. A question and answer section is included as one of the last chapters; in it, the author repeats some of the information provided in the main text, thus emphasizing the many common misconceptions about TFSAs that people have proven to have. The writing style is clear, friendly, lively and authoritative. Any financial jargon that is used is clearly explained. This book should be of interest to anyone wanting to make optimal use of TFSAs in order to gain wealth without being taxed by the government.
Date published: 2013-07-30