TFSA Explained for beginners: Everything you need to know!
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- Опубликовано: 11 сен 2024
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If you're wondering what a TFSA is and what it can do for you, then you've come to the right place! If you don't have a TFSA yet, you may be leaving a lot of money on the table! In this video, I'll explain the basics about TFSA you need to know. #TFSA #personalfinance #livingincanada
**DISCLAIMER: I am not a financial advisor, consultant, or real estate agent. This video is for entertainment purposes only and should not be considered as financial advice**
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** DISCLAIMER **
I am not a lawyer, not an immigration agent, and not a financial advisor or tax consultant. I'm just sharing my experience and knowledge in the hopes it can be useful to you. Please always do your own due diligence and research before deciding to purchase or sign up for any financial product or service!
Thank you, I really am enjoying these kind of videos, as a newcomer these help a lot.
Glad to hear it!
A million thank you (:
Cheers!
This is super useful thanks!!!!
Awesome, thanks!
kind of lost- with the example of Carl- I'm not sure where the $69,500 came from, the amounts sum $38,500, thank you :)
This was really educative. Please can you explain “Wealth Simple”?
Thanks! It's basically an online trading platform that allows you to open registered savings plans (TFSA, RRSP etc) and buy investment products including shares, bonds, etf, also crypto. I have a link in my descriptions if you want to learn more.
@@LivinginCanada careful with actual crypto - you cannot hold cryptocurrencies within your TFSA. etfs or mutual funds that mine or buy crypto? yes. but not actual bitcoins (for instance).
Where could we learn from you on the RRSP please?
Here's my video on RRSP ruclips.net/video/mb6y0LtwIbo/видео.html
Can I have TFSA and FHSA at the same time and can I contribute at both the accounts at the same time ? Can I also withdraw from these 2accounts at the same time when buying a home ?
Yes u can!
👍
Thank you!
Hello, I’m watching your videos.and I have question. Maybe stu-I’d. but can you loose money on Tfsa?
you sure can if you're investing in securities, mutual funds and etfs - in the short term and if you're faint of heart. if you're buying GICs and investment grade bonds? probably not.
I didn’t get anything 🥹🥹🥹 is that like salary after I getting retired ?
No, it's not social security. It's your own money that you contribute, then invest. While you can withdraw money from your TFSA anytime, withdrawing money from RRSP comes with tax consequences.
@@LivinginCanada so there is is no any tax on TFSA whatever I add I can get it them back same amount ? Should I keep the amount specific days or weeks or months ?