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Outlook Financial TFSA Plan
Thank you to Peter for sending me this information. So here is another financial institution that is offering a TSFA account called Outlook Financial. It’s TFSA page is located at http://www.outlookfinancial.com/products_and_rates/TFSA.aspx I did have a look at the page too and was trying to find its interest rates. However, the interest rate box is simply…
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Tax Free Savings Account Launch
So today is the launch date for TSFA accounts. The official TFSA site at http://www.tfsa.gc.ca/ was also updated. I thought this blurb of words used in a graphics on its page was interesting as you can see here: “Accumulate, Access, Tax-Free Earnings, Tax-Free Withdrawals, Savings, Flexible, Stability”. I guess that is pretty much the entire…
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Vancity TFSA Interest Rates
Here’s another financial institution added to the list and is one of the only ones I have found so far that lists its TFSA interest rates for 2009 as you can see here: I must say, that “non-redeemable” aspect of Vancity’s offer kind of defeats one of the main benefits of a tax free savings…
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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…