Tax savings ideas

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Gappi
Member since: Apr 08

Posts: 76
Location:
Post ID: #PID

Posted on: 11-10-09 22:45:03

Hi CD's,

I need some advice: I want to invest some money, which I can withdraw when I need to and it should help me for tax saving. Please suggest any good savings plan I would really appreciate it.

dimple2001
Member since: Apr 04

Posts: 2873
Location: Western Hemisphere
Post ID: #PID

Posted on: 12-10-09 09:37:41

You may try TFSA - Tax Free Savings Plan. Allows contribution upto $5000 per tax year for each individual 18 or above. Can withdraw when desired without negative consequence and money grows (interest, dividends, capital gains) tax free. Can invest in the form of GIC, savings or mutual funds.

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Dimple2001

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