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TFSA for new immigrants 2018

Tokibaee

Star Member
Apr 13, 2018
58
1
do you guys recommend putting my money in a TFSA? I heard it started 2009, so now 2018 I can put upto 50,000. Is that true? Also how do I open a tfsa? In a regular bank or do I have to go a certain place?
Thank you
 

canuck_in_uk

VIP Member
May 4, 2012
31,558
7,195
Visa Office......
London
App. Filed.......
06/12
do you guys recommend putting my money in a TFSA? I heard it started 2009, so now 2018 I can put upto 50,000. Is that true? Also how do I open a tfsa? In a regular bank or do I have to go a certain place?
Thank you
Your TFSA contribution allowance only starts from the year that you arrive in Canada. You can open a TFSA at a bank.
 

Investocrat

Star Member
Jun 4, 2017
115
30
Winnipeg
Here are a few tips for you on the TFSA, investing options, rules, contribution amount till date, and other things you need to know.

TFSA Basics: https://www.savvynewcanadians.com/understanding-tax-free-savings-account/

TFSA updates for 2018: https://www.savvynewcanadians.com/tfsa-annual-limit-contribution-room-penalties-2018/

Ways To Invest Your TFSA: https://www.savvynewcanadians.com/5-ways-to-invest-in-your-tfsa/

TFSA Over-contribution Penalty: https://www.savvynewcanadians.com/tfsa-overcontribution-penalty/

TFSA vs. RRSP: https://www.savvynewcanadians.com/tfsa-vs-rrsp-factors-to-consider/

TFSA Transfers: https://www.savvynewcanadians.com/transfer-rrsp-tfsa-resp-rrif-between-banks/



do you guys recommend putting my money in a TFSA? I heard it started 2009, so now 2018 I can put upto 50,000. Is that true? Also how do I open a tfsa? In a regular bank or do I have to go a certain place?
Thank you