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We are in an investment environment that will challenge even the most seasoned investment manager. The average investor is making decisions based more on emotion than logic. And when this happens, the...
View ArticleTax Free Savings Accounts and Deferred Sales Charges
There is a potential time bomb lurking in Tax Free Savings Accounts (TFSA) that have investments in them that were purchased using a Deferred Sales Charge (DSC) compensation model. When I did the math...
View ArticleTFSA VS RRSP – Where’s The Best Place for Your Money
Photo by: winnifredxoxo licensed under Creative Commons Attribution 2.0 Generic Image has been modified. A recent online survey conducted in November by Ipsos Reid showed that of over 1200 Canadians,...
View ArticleTax-Free Savings Accounts (TFSA)—Myths and Tips
Today, I want to talk about a relatively new investment tool—the Tax-Free Savings Account (TFSA). The Tax-Free Savings Account was launched in 2009 and many people are becoming aware of it today. But...
View ArticleNew TFSA Limit Reaches Close—But Not Quite—to Proposed $11,000
Last month, the federal budget revealed that the new Tax-Free Savings Account (TFSA) limit had been raised from $5,500 to $10,000 per year. While this is nearly doubled the original limit, it falls...
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