The Canadian Money Roadmap

TFSAs are great but watch out....

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August 04, 2021 3:00pm

9m

EPISODE SUMMARY

TFSAs are the best way to invest smarter and reduce taxes over the long term.  But you’ll want to be careful of some of these critical pitfalls that can get you into trouble.

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TOPICS IN THIS EPISODE

  1. Quick refresh on what a TFSA is and how it works 
  2. Explanation of TFSA contribution room and how it accumulates 
  3. Overcontribution rules and penalties 
  4. How you can’t claim capital losses in a TFSA 


RESOURCES MENTIONED

Government of Canada - TFSA Guide


OTHER EPISODES

10. Using a TFSA Like a Pro

29. RRSP, LIRA, TFSA…Where do you Withdraw from First? 

36. 5 Steps to Set Up Your TFSA for 2022


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