38% of Canadians say they will hold equity-driven investments in TFSAs
Nearly half of Canadians are unaware of the new Tax-Free Savings Account, a TD Canada Trust survey has found. In a poll of more than 1,000 Canadians in late October, 45% of respondents were unaware of the new account. Of those who were aware of it, 22% said they did not plan to take advantage […]
Integrated platform will allow advisors to view TFSAs alongside othe registered and non-registered assets
Investors may now open a Tax-Free Savings Account (TFSA) at Franklin Templeton Investments Corp., the company announced Wednesday.Canada’s financial institutions are stepping up competitive strategies to get Canadians on board ahead of the official TFSA launch in January 2009.Introduced by the Federal government and available at the beginning of 2009, the TFSA provides Canadians the […]
Advisors can sign up clients now
Advisors should be aware of new tax-free savings accounts, as well as new RRSP and RRIF rules
Because there are no age limits, RRIF payments can be reinvested in a TFSA; assets can be withdrawn without clawbacks
The new tax-free savings account has altered the landscape when it comes to asset allocation
Invesco Trimark is now accepting applications for the Tax-Free Savings Account (TFSA), the investment management firm announced Wednesday.Introduced by the federal government in the 2008 budget, the TFSA, which takes effect on Jan. 1, 2009, is a flexible, registered account that allows Canadians who are at least 18 years of age to invest up to […]
The Standard Life Assurance Co. of Canada today announced that it will offer group savings and retirement plan sponsors the opportunity to include the new tax-free savings accounts (TFSAs) as part of their programs, starting Jan. 1, 2009.TFSAs were announced in the 2008 federal budget. The accounts allow the accumulation of up to $5,000 per […]