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Scotiabank’s Video Explanation of a TFSA
Here is a TFSA related video which describes the basics courtesy of Scotiabank that I found:
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ING Direct Goes To 3% For The New Years
Happy new years everyone! This was kind of a good change as I saw today that ING Direct has decided to increase its tax free savings account rate to 3%. As indicated on the fine print too, “Rate as at January 1, 2010 and (like the weather) is subject to change. Interest is calculated daily…
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Free $50 Fee Credit For Transferring Your TFSA To Ally
I was just sent this e-mail about an offer from a financial institution called Ally. From what I read, they are offering TFSA account holders with other banks up to $50 to switch to them in order for you to recoup any transferring fees that your bank may charge for the switch. I suppose the…
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Government Proposed Changes To TFSA Accounts
There hasn’t been too much news and happenings when it comes to tax free savings accounts since its launch. I would say the highlights would be how the interest rates took a huge dive which kind of killed the excitement of it for many. However, I was just browsing around and reading a piece about…
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TFSA Contribution Room Question
I got a message from Matty recently who sent in the following question: I’ve heard conflicting replies to the following question. Does your contribution room accumulate in years where you have not yet opened a TFSA account? For example, if I don’t open an account until 2010, will I have $10,000 in contribution room (from…
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RBC TFSA Interest Rate Drop
This one was to surprising to me as I expected the bigger banks to drop its interest rates sooner or later. I guess you can add RBC to the mix as its new rate is 2.25% compared to its original 2.5% The rate is kind of interesting as it is in-line with Outlook Financial’s change…
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Outlook Financial TFSA Interest Rate Drop
Looks like this financial institution has recently had a significant drop in its interest rate. Outlook Financial originally had a pretty high 2.8% offering and as you can see here that has dropped to 2.25%. That’s a loss of 0.55%. This is the first credit union I have seen where the interest rate has taken…