Examples of TFSA in a sentence

Investors open RRSPs, TFSA and other accounts, transfer money or securities to these investment dealers, have their risk assessed and get a portfolio of ETFs built for them.
He showed me a statement from his old broker three years ago and with some questioning I noted the following facts:• His TFSA: He held three Canadian bank stocks and shares in BCE.• RRIF: He held six government strip bonds that he said he owned for more than fifteen years and paid him 6%/year in interest income.• Investment Account: He held a balanced mutual fund, one U.S. S&P500 index ETF and two more stocks.• Total portfolio of approximately $300,000 at that time with the old broker.
This cumulative limit factors in the annual increments since the TFSA was introduced.Canada Pension Plan (CPP) Contributions Will Increase in 2024To help enhance the long-term benefits of the Canada Pension Plan, “CPP 2” has been introduced for additional contributions at higher earnings.
See the link at the end of this update.More Tax-Free Savings Room for 2024The Tax-Free Savings Account (TFSA) contribution limit for the year 2024 has been set at $7,000.
For example, I said to Bill, the TFSA, RRIF and investment account have three different tax impacts each year.

More Definitions of TFSA

TFSA means a tax-free savings account as described in the Income Tax Act (Canada).

TFSA means a tax-free savings account as described in the Income Tax Act (Canada). 1.1.1 In this Instrument, in Alberta, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan

TFSA means a “tax free savings account” as defined under the Tax Act.

TFSA means a tax free savings account, which is a “qualifying arrangement” (as that term is defined in the Tax Act) the issuer of which has elected, in the form and manner prescribed by the Tax Act, to register as a TFSA; and

TFSA means a trust governed by a tax-free savings account, as defined in the Tax Act.

TFSA means a tax-free savings account as described in the Income Tax Act (Canada); and