More Canadians plan to open Tax-Free Savings Accounts in 2010 (IE:TV)
94% of TFSA assets are in savings account deposits or term deposits
More and more Canadians are learning that using a TFSA in combination with an RRSP gives them many advantages
Incomplete understanding of how TFSAs work preventing others from opening accounts
But Canadians seem more willing to try the new account as they become more comfortable with its features
Proposals intended to block the use of inappropriate transactions to draw excessive benefits
ING Direct offers a kick start for 2010
TFSAs and RESPs both offer relative advantages to clients
ING Direct offers 3% interest on TFSAs to encourage more Canadians to save
Province allows residents to designate beneficiaries for their accounts