Chances are you can. The average Canadians money is tied up in paying off debt, owing $9,000 on a line of credit and $2,400 on credit cards! However, did you also know that the Finance Department estimates that contributing $200 a month to a Tax Free Savings Account (TFSA) for 20 years would result in about $11,000 more in savings than if the investment was made in a regular savings account!
Even in these tough times some people are heralding the TFSA as the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP).
Now that you are convinced that it is a good idea to open a tax free savings account the questions that naturally come to mind are:
“Where do I open the TFSA?” and ”How do I choose from the options available in the market?”
These are indeed tough choices, it is not an overstatement to suggest that there are many choices available to Canadians. Luckily, if you are reading this then you have somehow found your way to TaxFreeSavingsAccountInfo.com, Canada’s Premier TFSA Information Source.
Have you downloaded your 24-page Special Independent Review of the Tax Free Savings Account yet? Just fill out your name and e-mail address in the blue box on the left side of the screen. And REMEMBER to check your inbox (and spam folder) for e-mail verification.
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