Tax Free Savings Accounts or TFSA as They are Becoming Known

There seems to be lot’s of buzz around the Tax Free Savings Accounts which is the norm when it can involve saving someone taxes. I am meeting with Rick Unrau of Global Real Estate Investments to learn a bit more later this week.

 

One of the key points I am already aware of are that these savings accounts can be used to invest in almost anything that a standard RRSP can invest in, so people are not limited to just standard Tax Free Savings accounts offered by the banks. There are many more opportunities available that will offer not just the tax free aspect, but consistent yearly returns in the 8% plus range.

 

If this is the type of information you want to learn about leave me a comment. If there is enough interest I will definitely pass on what I learn to help everyone move forward with their tax savings!

 

****Lot’s of great feedback, the link the the information is here, Tax Free Savings Accounts  **** I hope this helps explain it well enough.

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Bill has been investing in Calgary Real Estate since 2003 and has been writing about various Real Estate topics since shortly after he started. With a significant amount of Real Estate transactions and experiences he is able to pass his knowledge on to other investors and partners, and now you through his Real Estate blog. To automatically receive new posts, be sure to sign up on the top right of this page and I will send you a free ebook on Screening Tenants.
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8 Responses to Tax Free Savings Accounts or TFSA as They are Becoming Known

  1. Tyrone says:

    Hi Bill

    I’m always interested in learning about opportunities.

  2. Vanessa Kirschner says:

    Hi Bill & Karen,

    How are you both? We would loveto hear more info.

    Jason & Vanessa

  3. Jennifer says:

    Hello,

    Please, I would love to hear more!

    Jennifer

  4. Tyler says:

    More information is always good, interested to hear more from your meeting.

  5. Vaughn says:

    Hi Bill, I am interested in learning more! I have made use of capital cost allowance in the past which allows you to depreciate the value of your rental property and essentially defer the tax paid on your positive cash flow. Have you used this strategy in the past? You would be way ahead if you did not have to pay tax on cash flow and invested it in a tax deferred savings account.

    Vaughn

  6. Vaughn says:

    I should also mention that you do have to pay the tax if you ever sell the property which I also have had to do!

    Vaughn

  7. John Thiessen says:

    Sounds interesting Bill
    JT

  8. Deb says:

    Happy New Yr Bill

    Sounds like the TFSA may be a great way to maximize $$$ with your
    added pearls of wisdom to Follow.

    Count me in Please

    Deb

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