How will you use the FTSA?
What a savings account tax free (FTSA)? Well, not necessarily a savings account! It is a trust
you can use to store anything you want. The good news is that the income you
“Taxes” Free! Investment options are the same as your RRSP.
Since 2009, the TFSA will be offered by banks, trust companies, insurance companies, credit unions,
Credit unions, mutual funds and brokers. You have until December 31st of the year
make your deposit.
You will be able to contribute $ 5,000 per year to a TFSA. This applies to all adults in Canada with a
Social Security Number. Income is not a requirement to establish a TFSA contribution, and no age
limit (although you should have at least 18 to establish a TFSA). If you did not make its full contribution for the year
unused can be deferred and contributed to a future year.
The contribution does not tax deductible, but the withdrawal of capital or return on investment is not
evaluation. Your tax money is safe while inside the TFSA and you do not delete anything until
death. If you make a withdrawal, the amount withdrawn will be adding new contribution next year
room. This means that you can put what happened.
Withdrawals have no effect on income tested government benefits, such as the GST credit, Child Tax
Benefits, Guaranteed Income Supplement, Old Age Security or the return of security of employment recovery.
Each person can contribute to their own TFSA. If a person in a family has no money to
a contribution to another person (spouse, partner, parent, child or others) can contribute to them.
After death, the estate of the deceased BTSA BTSA can be transferred to a surviving spouse. If no
surviving spouse, the funds must be withdrawn from the TFSA.
Once the money is in your TFSA, you can buy an investment. Qualified investments include all the conditions of free competition
Registered Retirement Savings Plan (RRSP) qualified investments. The investments you buy should match
goals.

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