over 30 companies in the Financial Services industry including
banks, giving you, the client, access to a wide variety of financial products.
- Life Insurance
and Dental Benefits
- Tax Effective
RIF's, Pensions, RESP's
TAX-FREE SAVINGS ACCOUNTS
in 2009, Canadians aged 18 and older can save up to $5,000 every
year in a TFSA.
to a TFSA will not be deductible for income tax purposes but
investment income, including capital gains, earned in a TFSA
will not be taxed, even when withdrawn.
- Unused TFSA
contribution room can be carried forward to future years.
- You can
withdraw funds from the TFSA at any time for any purpose.
- The amount
withdrawn can be put back in the TFSA the next year or later without
reducing your contribution room.
income earned in a TFSA nor withdrawals will affect your eligibility
for federal income-tested benefits and credits.
How Is a TFSA Different From a Registered Retirement Savings
An RRSP is primarily intended for retirement. The TFSA is like
an RRSP for everything else in your life .
Both plans offer tax advantages, but they have key differences.
to an RRSP are deductible and reduce your income for tax purposes.
In contrast, your TFSA savings will not be deductible.
from an RRSP are added to your income and taxed at current rates.
Your TFSA withdrawals and growth within your account will not-they
will be tax-free.
sound advice and good planning, contact Lorne
Amos. He'll help you find the most appropriate solution for
your wishes and personal situation. Send your request through
the contact page on this site.
Only registered representatives of a Mutual Fund Dealer may offer mutual funds.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated.
Investors should educate themselves regarding securities, taxation or exchange control legislation, which may affect them personally. This website is for general information only and is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. Please consult an appropriate professional regarding your particular circumstances.
This website does not constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation.
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