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Young Money Diet Podcast
Stay Hungry, Stay Humble
21 episodes
1 day ago
Two Canadians from humble beginnings discovering all the nuances of financial literacy, career planning and necessary life skills. Join us as we explore strategies on how to win gracefully and learn from losing often in this game we call "life". These are conversations that need to start happening in high school: Stay Hungry, Stay Humble.
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Self-Improvement
Education
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All content for Young Money Diet Podcast is the property of Stay Hungry, Stay Humble and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Two Canadians from humble beginnings discovering all the nuances of financial literacy, career planning and necessary life skills. Join us as we explore strategies on how to win gracefully and learn from losing often in this game we call "life". These are conversations that need to start happening in high school: Stay Hungry, Stay Humble.
Show more...
Self-Improvement
Education
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Episode 7 - The TFSA (Tax Free Savings Account) is the GOAT
Young Money Diet Podcast
29 minutes 9 seconds
4 years ago
Episode 7 - The TFSA (Tax Free Savings Account) is the GOAT

Episode 7: The Tax Free Savings Account is unquestionably the Greatest Of All Time (🐐 GOAT)

Tune in as we discuss:
What the TFSA is and how to use it πŸ€·πŸΌβ€β™‚οΈπŸ€·πŸΎβ€β™€οΈ
What the contribution limits are based on age πŸ§“πŸΌπŸ‘¨πŸΌπŸ‘¦πŸ½πŸ‘©πŸΎ
Why the TFSA is key tool for building wealth πŸ€‘

Youtube Link

2021 TFSA Contribution Limits based on Year Born / Age in 2021:

  • 2003 / 18 = $6.0k
  • 2002 / 19 = $12.0k
  • 2001 / 20 = $18.0k
  • 2000 / 21 = $23.5k
  • 1999 / 22 = $29.0k
  • 1998 / 23 = $34.5k
  • 1997 / 24 = $44.5k
  • 1996 / 25 = $50.0k
  • 1995 / 26 = $55.5k
  • 1994 / 27 = $60.5k
  • 1993 / 28 = $65.5k
  • 1992 / 29 = $70.5k
  • 1991 or before / 30+ = $75.5k

Links/Resources mentioned in the episode:

  • Government Website for TFSAΒ 
  • TFSA Contribution Calculator
  • TFSA Investment Options

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@youngmoneydiet

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Young Money Diet Podcast
Two Canadians from humble beginnings discovering all the nuances of financial literacy, career planning and necessary life skills. Join us as we explore strategies on how to win gracefully and learn from losing often in this game we call "life". These are conversations that need to start happening in high school: Stay Hungry, Stay Humble.