Emblem Corp EMMBF

TFSA top up time coming.....

[ledrog]

The great thing about holding a stock in a registered account like a TFSA or RSP is that those type of accounts don't have margin, so shares can't be loaned out to short sellers.  Jan 1 everyone already maxed out on their TFSA can add another $5,500....and those who have unused contribution room from previous years can carry it over.

Personally I view TFSA's, if you used for long term savings or retirement....I consider them the best bet for investments with higher risk/reward potential.

[WarrantOfficer]

I like that fact that all ineterst earned is tax free. The risk / reward potential is decided upon by us i.e. blue chip or penny stocks. It has great flexability. A higher contribution amount would be nicer. Have a prosperous 2017.

[wateroperator]

This post has been removed in accordance with Community Policy

[ledrog]

I was no big fan of Haper, but I give his government full marks for creating the TFSA....sadly too many Canadians don't take full advantage of this aweseome vehicle.  According to what I've read less than 20% of Canadians have contriubted the maximum allowable.  And there are still over 15 million eligible Canadians who have not set one up at all. $5,500 is still a decent amount