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New Years And New Features For The Site
Happy New Year everyone! This should be a busy time in terms of updates as banks are starting to release its interest rates and I will try to compile as much information as possible. As well, I placed up a bank review section where people can leave comments about the banks they choose and rate…
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Termination And Bank Transfer Fees For Your TFSA Account
There is an important point about choosing the bank that you are most comfortable with in opening your new tax free savings account which I heard about today. Generally speaking, like most people I am looking for a bank that will provide the best interest rate and other factors to make sure that I am…
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TFSA Excess Contribution Interest Penalty
One point I was just reading about the tax free savings account coming here in Canada is the possibility of getting penalized if you place too much funds into your account. Essentially, if your limit is $5000 annually contributing $5001 into a TSFA account will mean that $1 will be subject to an interest penalty.…
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Money Sources To Place Into Your TFSA Account
Just looking at the calendar there is only a few weeks left until we get to open a tax fee savings account. With that in mind, I was just trying to think of sources where I would get money to place into the account. Here were my immediate thoughts: Traditional Savings Account– This one seems…
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Most Canadians Are Unsure About A TFSA
I was just reading this article from the London Free Press at http://lfpress.ca/newsstand/Business/BusinessMonday/2008/12/15/7750751-sun.html which talks about how most Canadians are unsure about opening a TFSA account due to the economy. As mentioned on the site, apparently less than 46% of Canadians intend to open an account. As expected, a lot of the comments from the…
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Looking At The Fees To Maintain A TFSA Account
While looking at some of the banking sites today I realized that some banks appear to have fees associated with the account. Depending on who you open up the account with, there could be things such as a withdrawal fee. For example, I noticed with TD Canada allows one withdrawal from your account and then…
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Setting Up The New Site
Hi everyone, Thank you for stopping by. As of now I am still setting up taxfreesavingsaccountplan.com and hope to make it a resourceful site for everyone who is interested in a TFSA plan in 2009 in an effort to make and save more of our hard earned dollars. So sit back and relax and feel…