Tax-Free Savings Account... Good? - Page 4 - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

Slava · 01-20-2009, 08:54 PM

^ Thats right. You can also take out the $10k, spend it on hookers and blow and then put another $10k in.

Clarkey · 01-20-2009, 09:30 PM

Good info, I'll look into setting up the account tomorrow. thanks Slava.

MoneyGuy · 01-21-2009, 10:38 AM

Slava's advice is usually pretty good but if I were you I'd be suspicious about the H&B part. Maybe it's just me.

Slava · 01-21-2009, 12:13 PM

Quote:

Originally Posted by MoneyGuy

Slava's advice is usually pretty good but if I were you I'd be suspicious about the H&B part. Maybe it's just me.

Those are great investments! Must be because you are an Oiler fan!

Schraderbrau · 02-10-2015, 10:13 AM

I dug up this old thread looking for some info on TFSA. I withdrew my holdings last year to put a downpayment on a house. So right now my TFSA is at $0. I have some funds that I want to put into the account, how much can you put into a TFSA in 2015 if it was at $0 when the year started?

Slava · 02-10-2015, 10:19 AM

Well you can put in a maximum of $36,500 but then you can also add on any growth you had prior.

mrkajz44 · 02-10-2015, 10:30 AM

If you are signed up with the CRA My Account for your tax information, they should have a calculation done for you up to the beginning of 2015. It probably should be update to date now; the CRA likely has all TSFA transaction for 2014 at this point to calculate your 2015 room.

http://www.cra-arc.gc.ca/esrvc-srvce.../menu-eng.html

Schraderbrau · 02-10-2015, 10:54 AM

Thanks for the help guys. I talked to my Financial Advisor who at this point I dont think I can call and Advisor because they are uselss....

I talked to the CRA and they got me what i needed. Chalk another win up for the CP community. Thanks again guys.

Slava · 02-10-2015, 11:04 AM

Quote:

Originally Posted by Schraderbrau

Thanks for the help guys. I talked to my Financial Advisor who at this point I dont think I can call and Advisor because they are uselss....

I talked to the CRA and they got me what i needed. Chalk another win up for the CP community. Thanks again guys.

Well I'm a financial advisor, so we're not all useless! (and you know, shameless plug here, feel free to PM me!)

MoneyGuy · 02-10-2015, 12:13 PM

In southern Alberta Slava is definitely the advisor of choice.

MillerTime GFG · 02-11-2015, 10:07 AM

Quote:

Originally Posted by MoneyGuy

In southern Alberta Slava is definitely the advisor of choice.

Northern Alberta is no good.

Torture · 02-11-2015, 05:17 PM

Quote:

Originally Posted by MillerTime GFG

Northern Alberta is no good.

He wouldn't take em anyways. No Oiler's fan policy.

btimbit · 02-11-2015, 07:39 PM

Quote:

Originally Posted by Torture

He wouldn't take em anyways. No Oiler's fan policy.

I personally endorse anyone with this policy. Almost guaranteed business from me

Fire of the Phoenix · 02-11-2015, 08:29 PM

interest on regular savings accounts should have been tax free to begin with. The pitiful returns are less than inflation. Should've just left it under my mattress and not given the government the satisfaction