Tax-free savings accounts: a guide to TFSAs and how they can make you rich

Description

This may be of the most important little investment book you'll ever read! Financial expert Gordon Pape explains the new Tax-Free Savings Account (TFSA)—the powerful new personal savings vehicle for Canadians—and provides a range of strategies that you can use to add thousands of tax-exempt dollars to your personal wealth.As of January, 2009, everyone 18 and older can contribute to a TFSA and start building your tax-free investments. This indispensible primer will help you get started on meeting your financial goals with the most valuable new savings program since the introduction of RRSPs more than 50 years ago. Pape clearly explains everything you need to know about Tax-Free Savings Accounts including:The advantages of a TFSAContribution rules and limitsThe best investments for a TFSATFSAs or RRSPs?Withdrawing money from a TFSAUsing TFSAs for income splittingTips to maximize tax savingsHow TFSAs can benefit retirees