What are the Most Common Mistakes with the TFSA? Am I using the TFSA Correctly? How does the TFSA work? Is the TFSA Really Tax Free? How can Canadians get the most out of their TFSA? Should I Day Trade or invest in Crypto in a TFSA?
I'll be breaking down all of the Biggest TFSA Mistakes to AVOID in Canada! The TFSA is one of the most powerful investing tools but most Canadians are not using it correctly and these mistakes can be costing you thousands of dollars in the long run! The TFSA rules can be confusing and misleading so I'll show you how to avoid these mistakes and how to get the most out of your tax-sheltered growth!
TFSA Explained - Watch this FIRST! 👇
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LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇
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Check out my Canadian Tax Guide for More Tax Saving Strategies! 🇨🇦
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SKIP AHEAD ⏩
-Intro: 0:00
-TFSA Basics: 0:56
-Wasting TFSA on Savings: 1:40
-Contribution Room: 3:56
-Max TFSA Limit Table: 4:56
-New Canadians - Not Citizen / PR: 5:24
-Contribution Rules: 5:58
-Do NOT Rely on CRA Room: 6:29
-Exceed Limit Penalty: 7:23
-Withdraw + Re-Contribute: 7:47
-Withdrawal Tip: 8:57
-Gains Do NOT Affect TFSA Room: 9:19
-Move From Bank to Broker: 10:16
-Max Out TFSA: 11:34
-Avoid Risky Stocks in TFSA: 12:33
-Selling at Loss: 13:54
-US Dividends: 15:02
-Day Trading in TFSA: 16:39
-Summary: 17:43
WATCH NEXT ▶️
-How to Buy Stocks on Questrade - [ Ссылка ]
-How Taxes Work in Canada - [ Ссылка ]
-Best Canadian Dividend Stocks - [ Ссылка ]
-What is a DRIP? Compounding Dividends - [ Ссылка ]
-Best Canadian Dividend ETFs - [ Ссылка ]
-RRSP Explained Part 1 - [ Ссылка ]
-How to Build Wealth - [ Ссылка ]
-Norbert’s Gambit - Exchange Currency for Free - [ Ссылка ]
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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
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