OTCPK:GBGPF - Post by User
Post by
Rockpaperstockon Nov 21, 2017 3:16pm
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Post# 27006002
TFSA's
TFSA'sCan't believe we're talking about this on this forum - we're all investors / traders here, we should ALL know about these tax-saving accounts by now (unless you're from US).
ANY GAINS made in a TFSA are tax free. The same goes for any losses - there's no tax impact. That's why it's called a Tax-Free Savings Account!
Any money you are placing in this type of account has already been taxed. Likewise you won't get dinged when you withdraw any money from this account, unlike an RRSP.
Do yourself a HUGE favour, if you haven't already done this. Set up your investment portfolio within a TFSA, and save yourself from paying a bucket-load in taxes on your investments.
I hope this is the last we talk about RRSP's and TFSA's there, LOL
- Rock