Tax Free Savings Accounts Revised Edition: How TFSAs Can Make You Rich By Gordon Pape

Tax-Free Savings Accounts are the most powerful investment option for Canadians since the introduction of RRSPs more than a half-century ago. They offer an opportunity for even modest-income earners to amass a small fortune over timeâ€" and perhaps even attain millionaire status. But they have to be managed properly.

Gordon Pape wrote the first book on TFSAs ever published in Canada, and it became a huge bestseller. Now he’s back with a completely revised and updated edition to help you get the most from your TFSA and show you how to choose the best TFSA for your needs, if you don’t yet have one. With details of rule changes, suggested investment strategies, and dangers to watch out for, Tax-Free Savings Accounts shows you how to maximize your investment, correctly manage withdrawals, and successfully understand fees so you won’t get hit with unexpected charges. With Pape’s trustworthy advice, you can confidently • choose the best TFSA investment plan for your needs• ask the right questions when opening an account• get informed about model portfolios• maximize your tax savings• use a TFSA to get a loan … and much more! Tax Free Savings Accounts Revised Edition: How TFSAs Can Make You Rich

I knew the basics but I did learn a few new things and now have some food for thought in terms of the best ways to make use of this saving vehicle. I can see myself returning to this for a refresher in the future as life circumstances change. Paperback Excellent book. The edition I read was old and therefore dated.

My only complaint is the book didn't do a better job of laying out the basics of TSAs in the early chapters. There was a FAQ section at the back, and that is where I found some of the basic questions answered. These should have been dealt with in the earliest chapters.

Other than that, I would certainly recommend this book. 0143184776 This book is a really good starting point. I had no idea what to do with my money that I earned from my first job...so this helped me to start discussions with my financial advisor on how to get started! I felt like some of the examples given in the book were a little extreme but apart from that I really feel like this a must read, high school students especially! If I had known when I was 18 I would have started investing a long time ago. 9780143184775 learned so much about TFSAs that I never knew Tax Free Savings Accounts Revised Edition: How TFSAs Can Make You Rich Really good guide for those wanting to open their first TFSA. Gordon Pape

Nothing really new since the previous version of this book. I wound up just skimming it for a reinforcement of beliefs. 9780143184775 A good overview of all things TFSA, as well as taking many a detour into specific situations, Gordon Pape writes an excellent guide to the mysterious savings account that threw everybody for a loop when it was introduced in the Conservative budget of the late-noughties. As someone who rushed to open a TFSA as soon as I could, I learned a lot about the different ways that TFSAs can work for you, especially considering individual circumstances. The fact that TFSAs do not affect your right to old-age benefits is one great reason to use the TFSA as, say, a supplementary retirement account (or, in some cases, the entire retirement account, depending on how frugally you live and your contribution room). Either way, Gordon Pape hits it out of the park again with his great, Canadian financial advice. If you want to learn about TFSAs, this is definitely the book to read. Tax Free Savings Accounts Revised Edition: How TFSAs Can Make You Rich