Maximizing Your Returns: A Guide to Tax-Free Savings Accounts
Feb 18, 2023•18 min
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Episode description
In today's episode, Warren Ingram invites Gabriel Botha, Business Development Manager at Prescient, to discuss the complex details of Tax-Free Savings Accounts and how they can benefit you from tax rebates, dividends, the limitations, and how TFSA & pension fund withdrawals work.
Questions/ Topics:
- Tax-Free Savings Accounts (TFSAs) & what they offer
- TFSA withdrawals
- TFSA contributions
- TFSA investments: dividend-paying stocks and money market accounts.
- Limitations within TFSAs: annual contribution limits and restrictions on certain types of investments.
- Combining TFSAs and RRSPs: more on retirement investing.
- How interest rates can affect the returns of TFSA investments
- TSFA investing strategies/ suggestions
- Overall benefits of a TFSA
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