TFSA Explained for beginners: Maximizing wealth potential 💵
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If you're wondering what a TFSA is and what it can do for you, then you've come to the right place! If you don't have a TFSA yet, you may be leaving a lot of money on the table! In this video, I'll explain the basics about TFSA you need to know. #TFSA #personalfinance #livingincanada
**DISCLAIMER: I am not a financial advisor, consultant, or real estate agent. This video is for entertainment purposes only and should not be considered as financial advice**
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Пікірлер: 19
Thank you, I really am enjoying these kind of videos, as a newcomer these help a lot.
@LivinginCanada
8 ай бұрын
Glad to hear it!
This is super useful thanks!!!!
@LivinginCanada
8 ай бұрын
Awesome, thanks!
A million thank you (:
@LivinginCanada
8 ай бұрын
Cheers!
Where could we learn from you on the RRSP please?
@LivinginCanada
8 ай бұрын
Here's my video on RRSP kzread.info/dash/bejne/n5Zq25KFpNqvktI.html
This was really educative. Please can you explain “Wealth Simple”?
@LivinginCanada
7 ай бұрын
Thanks! It's basically an online trading platform that allows you to open registered savings plans (TFSA, RRSP etc) and buy investment products including shares, bonds, etf, also crypto. I have a link in my descriptions if you want to learn more.
@pjm3005
24 күн бұрын
@@LivinginCanada careful with actual crypto - you cannot hold cryptocurrencies within your TFSA. etfs or mutual funds that mine or buy crypto? yes. but not actual bitcoins (for instance).
Hello, I’m watching your videos.and I have question. Maybe stu-I’d. but can you loose money on Tfsa?
@pjm3005
24 күн бұрын
you sure can if you're investing in securities, mutual funds and etfs - in the short term and if you're faint of heart. if you're buying GICs and investment grade bonds? probably not.
👍
@LivinginCanada
8 ай бұрын
Thank you!
I didn’t get anything 🥹🥹🥹 is that like salary after I getting retired ?
@LivinginCanada
7 ай бұрын
No, it's not social security. It's your own money that you contribute, then invest. While you can withdraw money from your TFSA anytime, withdrawing money from RRSP comes with tax consequences.
@_Abdelrahman1903
7 ай бұрын
@@LivinginCanada so there is is no any tax on TFSA whatever I add I can get it them back same amount ? Should I keep the amount specific days or weeks or months ?