Tax-Free Savings Accounts Revised Edition: How TFSA's Can Make You Rich by Gordon Pape

Tax-Free Savings Accounts Revised Edition: How TFSA's Can Make You Rich

byGordon Pape

Kobo ebook | January 1, 2013

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Tax-Free Savings Accounts are the most powerful investment option for Canadians since the introduction of RRSPs more than a half-century ago. They offer an opportunity for even modest-income earners to amass a small fortune over time— and perhaps even attain millionaire status. But they have to be managed properly.

Gordon Pape wrote the first book on TFSAs ever published in Canada, and it became a huge bestseller. Now he’s back with a completely revised and updated edition to help you get the most from your TFSA and show you how to choose the best TFSA for your needs, if you don’t yet have one. With details of rule changes, suggested investment strategies, and dangers to watch out for, Tax-Free Savings Accounts shows you how to maximize your investment, correctly manage withdrawals, and successfully understand fees so you won’t get hit with unexpected charges. With Pape’s trustworthy advice, you can confidently

• choose the best TFSA investment plan for your needs
• ask the right questions when opening an account
• get informed about model portfolios
• maximize your tax savings
• use a TFSA to get a loan … and much more!

Title:Tax-Free Savings Accounts Revised Edition: How TFSA's Can Make You RichFormat:Kobo ebookPublished:January 1, 2013Publisher:Penguin CanadaLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0143188291

ISBN - 13:9780143188292

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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