Jan 22, 2021
Tune in for your daily stock market update in 3 minutes
fresh year fresh TFSA contribution room. First off what is the TFSA?
-investment account for each Canadian adult -all investment gains are tax free -can hold stocks, bonds, GICs, mutual funds
-What are the rules for contributing?
-every year contribution room is accumulated -6k in 2021 (that number is indexed for inflation) -adult born before 2001 has accumulated $75,500 contribution room -unlike RRSP, no tax deduction when contributing
-what are the rules for withdrawal?
See our disclaimer here: https://studio.youtube.com/video/kqF1iK0qAOk/edit
For Your FREE Consultation with Rob, simply fill out the form and directly book your strategy session in his calendar here: https://robtetrault.com/speak-to-rob/
Register to our FREE Retirement Planning Masterclass - https://bit.ly/2THZzNj
📽 Watch our other video on Estate Planning for Retirees: https://youtu.be/w9-snjUxPZM