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When Tax Free Savings Accounts (TFSAs) were first introduced in 2009, many investors downplayed them given how small the contribution limits were. Now, some 12 years later, an individual could have contributed a total of $75,500 to a TFSA. While still relatively small, these accounts will always be most tax effective. Compounding tax free growth can be amazingly effective! Lira puts the spotlight on TFSAs and shares some features you may not have realized.
Take a listen (3:02 min)
Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors.
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Very best regards,
The Smith Falconer Financial Group
CIBC Wood Gundy
Lois, Rodney, Lira, Meredith and Angela
Smith Falconer Financial Group
CIBC Private Wealth Management consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc. "CIBC Private Wealth Management" is a registered trademark of CIBC, used under license. "Wood Gundy" is a registered trademark of CIBC World Markets Inc.
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