𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: 0:00 - Intro 0:33 - TFSA is not a Savings Account 1:04 - How the TFSA Works 1:25 - Opening a TFSA 1:54 - TFSA vs FHSA / Saving for a Home 3:19 - TFSA Contribution Limits 4:28 - Growing the Tax Shelter room in the TFSA 6:38 - Daytrading in a TFSA 7:32 - What can you Invest in the TFSA? 8:12 - TFSA Investing Guide 9:36 - TFSA Transfer in Kind 10:03 - Overcontribution penalty of 1% 10:52 - Successor vs Beneficiary in TFSA 12:35 - Summary 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀: 1) FHSA EXPLAINED: ruclips.net/video/fjruHJV9L34/видео.htmlsi=e6k9Q241phPQkER1 2) All in One ETFS: ruclips.net/video/fbffqs6sH1k/видео.htmlsi=v2625fISv7bmaDLX
Although you can't hold physical property in a TFSA, there are some Mortgage Investment Corporations (MICs) including publicly traded ones that are private lending mortgage companies that you can invest within the TFSA. While most big banks doesn't let you do private lending in a TFSA, there are 2 companies that I've read that do this (Olympia Trust and Canadian Western Trust). Things to be careful about is that you can't be seen as conducting business operations within a TFSA and the fees associated with MICs, as well as risk of mortgage defaults - these are important to ask about. Here is a good article about it: wowa.ca/mortgage-investor-canada
𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱:
0:00 - Intro
0:33 - TFSA is not a Savings Account
1:04 - How the TFSA Works
1:25 - Opening a TFSA
1:54 - TFSA vs FHSA / Saving for a Home
3:19 - TFSA Contribution Limits
4:28 - Growing the Tax Shelter room in the TFSA
6:38 - Daytrading in a TFSA
7:32 - What can you Invest in the TFSA?
8:12 - TFSA Investing Guide
9:36 - TFSA Transfer in Kind
10:03 - Overcontribution penalty of 1%
10:52 - Successor vs Beneficiary in TFSA
12:35 - Summary
𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
1) FHSA EXPLAINED: ruclips.net/video/fjruHJV9L34/видео.htmlsi=e6k9Q241phPQkER1
2) All in One ETFS: ruclips.net/video/fbffqs6sH1k/видео.htmlsi=v2625fISv7bmaDLX
Thank you for the video! Very clear and concise 👍
Thank you!
Csn you do private lending with a TFSA? Wouldn't that be considered real estate?
Although you can't hold physical property in a TFSA, there are some Mortgage Investment Corporations (MICs) including publicly traded ones that are private lending mortgage companies that you can invest within the TFSA. While most big banks doesn't let you do private lending in a TFSA, there are 2 companies that I've read that do this (Olympia Trust and Canadian Western Trust). Things to be careful about is that you can't be seen as conducting business operations within a TFSA and the fees associated with MICs, as well as risk of mortgage defaults - these are important to ask about. Here is a good article about it: wowa.ca/mortgage-investor-canada
Appreciate your response and resource, and overall content. Thank you.@@BreakingBadDebt