A TFSA is an investment account that is registered with the federal government. Within a TFSA, you can invest in a variety of assets — stocks, bond, mutual funds, and more. There are yearly limits to how much you can contribute to a TFSA. You don't receive a tax deduction for the money you contribute to a TFSA. Instead, over the lifetime of the TFSA, the money in the account grows tax free. Additionally, when you withdraw money from the account, you pay no tax on the proceeds. Video and trans...
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A TFSA is an investment account that is registered with the federal government. Within a TFSA, you can invest in a variety of assets — stocks, bond, mutual funds, and more. There are yearly limits to how much you can contribute to a TFSA. You don't receive a tax deduction for the money you contribute to a TFSA. Instead, over the lifetime of the TFSA, the money in the account grows tax free. Additionally, when you withdraw money from the account, you pay no tax on the proceeds. Video and trans...
Buying a home is a massive undertaking for anyone. In this episode, hosted by Tanis Roadhouse with special guest Gareth Canning, we talk about the decision of whether to buy property as a resident or new-in-practice physician, the advantages to owning a home, the extra costs and additional responsibilities that come with it. Legal disclaimers and full transcript available here: https://invested.mdm.ca/financial-literacy-podcast/podcast-finlit-episode-3-buying-a-home
MD Financial Literacy Podcast
A TFSA is an investment account that is registered with the federal government. Within a TFSA, you can invest in a variety of assets — stocks, bond, mutual funds, and more. There are yearly limits to how much you can contribute to a TFSA. You don't receive a tax deduction for the money you contribute to a TFSA. Instead, over the lifetime of the TFSA, the money in the account grows tax free. Additionally, when you withdraw money from the account, you pay no tax on the proceeds. Video and trans...
