TFSA Time

Mar 18, 2019 | Jaime Bosak


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The weather is finally starting to show signs of spring out there. We had a nice visit to the cottage with family and friends for the first half of March break. Adam still worked a lot, but it was a nice little getaway to slow down, enjoy the outdoors and lots of board games with the kids!

We are planning our next seminars in April. The first is a breakfast seminar taking place Wednesday April 10 on Succession Planning and monetizing your business. The second one is Tuesday April 30 on Will & Estate planning with a special guest speaker from our Will & Estate department. If you would like more information please visit our Events page and RSVP today!

Tax-Free Savings Accounts are a great way to save/invest money at all ages and life stages as a part of your financial plan. The limit for TFSA contributions for 2019 is $63,500 for someone who turned 18 in 2009 or sooner. Contributions grow inside the account tax free. A common misconception is that it is only a savings account, but you can put all the same kinds of investment vehicles in a TFSA as you can in an RRSP or Non Registered Investment Account. Whether to use an RRSP, TFSA and/or Non Registered Investment Account depends on your taxable income, age and stage of life. You can put beneficiaries on the TFSA like you can with RRSPs and Insurance. Reach out if you have any questions about the right account(s) for you.