Because there are no age limits, RRIF payments can be reinvested in a TFSA; assets can be withdrawn without clawbacks
The new tax-free savings account has altered the landscape when it comes to asset allocation
Invesco Trimark is now accepting applications for the Tax-Free Savings Account (TFSA), the investment management firm announced Wednesday.Introduced by the federal government in the 2008 budget, the TFSA, which takes effect on Jan. 1, 2009, is a flexible, registered account that allows Canadians who are at least 18 years of age to invest up to […]
The Standard Life Assurance Co. of Canada today announced that it will offer group savings and retirement plan sponsors the opportunity to include the new tax-free savings accounts (TFSAs) as part of their programs, starting Jan. 1, 2009.TFSAs were announced in the 2008 federal budget. The accounts allow the accumulation of up to $5,000 per […]
Majority plan to seek professional advice in their TFSA investments
Accounts expected to create opportunities to communicate with clients and develop “sticky” relationships
The TFSA is so flexible, clients of virtually all ages and incomes can find ways to benefit
One report suggests Canadians will have socked away $115 billion in TFSAs by 2013
Contributions accepted Jan. 2
RBC offers pre-registration for the TFSAs