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ING Direct Canada TFSA
I almost forgot about ING Direct which is usually a very popular company that a lot of peopled opted to use when it comes to a traditional high interest savings account with little fees. Its tax free savings account site is apparently hugthetaxman.ca which was interesting I thought. Unfortunately, again there is no real information…
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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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TD Canada TFSA Plan
So one of last major banks is TD Canada Trust and I found its TFSA page located at http://www.tdcanadatrust.com/invest/tax_free.jsp. For the most part, the information on the site is extremely general. It seems like the complete opposite of the previous bank site I visited where this bank doesn’t seem to be trying too hard in…
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Scotiabank TFSA
I was just visiting the Scotiabank site to see what its TFSA plans were like. First thing that I noticed is that this bank seems to be going all out in trying to educate people about a tax free savings account as they have a full fledged flash presentation and tutorial about it at http://scotiabank.com/tfsa/scotia_TFSA_base.html.…