|
Tax-Free Savings Account Starter Kit
Opening up a Tax-Free Savings Account, known as a TFSA, can offer you and your family a great opportunity to earn a significant amount of investment income tax-free, beginning in 2009. Though your contributions to this new type of investment account will not be tax-deductible, the income and capital gains earned within the account will be tax-free.
KPMG's Tax practice is pleased to present a video that will provide you with an overview of the rules for TFSAs and their benefits to help you get started right away. Topics covered in the video include:
- How much can you contribute?
- Which investments qualify?
- Where should you invest your savings?
- What about your mortgage?
For a deeper understanding of tax-free savings accounts please refer to the November 12, 2008, TaxNewsFlash-Canada: Tax-Free Savings Accounts - Get a Quick Start Out of the Gate in 2009.
|