Vancouver Tax-Free Savings Accounts
Canadians wanting to save for any reason now can reduce their taxes on savings accounts.
The Canadian Government has introduced a new Tax-Free Savings Account (TFSA).
The TFSA will allow Canadians to put money in investment vehicles to grow savings tax-free throughout their lifetimes. Tax-Free savings accounts can be used to buy a new car, renovate a house, start a small business or take vacations. Vancouver residents from all income levels can benefit.
Tax-Free Savings Account
Canadians 18 and older can save up to $5,000 every year in a Tax-Free Savings Account. Contributions to Tax-Free Savings Accounts will not be deductible for income tax purposes but investment income, including capital gains. Money earned in a TFSA will not be taxed, even when withdrawn. Unused Tax-Free Savings Account contribution room can be carried forward to future years. You can withdraw money from the Tax-Free Savings Account at any time for any purpose, and the amount withdrawn can be put back in the TFSA without reducing your savings contribution room. Income earned in Tax-Free Savings Accounts will not affect your eligibility for federal income-tested benefits and credits.
Contributions to your spouse's Tax-Free Savings Account are allowed and can be transferred to a spouse upon death.
Vancouver Tax-Free Savings Account Notes
TFSA savings will not be able to reduce your income for tax purposes. People who cannot contribute $5,000 in a given year will be able to carry forward their unused Tax-Free Savings Account contribution room to future years. Canadians can contribute to their spouse's or common-law partner's Tax-Free Savings Account, depending on the spouse or partner's available savings account room.
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Vancouver Companies offering Savings Plans
Community Savings Credit Union - 604-654-2000
5108 Joyce Street , Vancouver , BC V5R4H1
Investing Guide Category : Credit Unions
Savings, Tax Free Savings Accounts
Global Securities Corp - 1-800-455-5778
11th Fl - 595 Burrard St , Vancouver , BC V7X1C4
Please View Our Website For An Office Near You
Keyword : savings
Investing Guide Category : Financial Planning Consultants, Investment Dealers, Stock & Bond Brokers
www.globalsec.com inquiries@globalsec.com
Savings, Tax Free Savings Accounts
Kerrisdale Lumber - 604-261-4274
6191 West Boulevard , Vancouver , BC V6M3X3
Keyword : Energy Star Lighting Solutions Energy-Saving Solutions for Your Home 6191
Investing Guide Category : Barbecue Equipment & Supplies, Home Improvement & Maintenance, Lumber-Retail
Savings, Tax Free Savings Accounts
Lee Sailmakers Ltd - 604-685-1234
PO Box 19567 Rpo Ctre Point Mall , Vancouver , BC V5T4E7
Investing Guide Category : Sailmakers & Sail Repairs
www.leesails.com vancouver@leesails.com
Savings, Tax Free Savings Accounts
Maple Leaf Self Storage Inc - 604-251-1200
3001 Wall Street , Vancouver , BC V5K1B5
Keyword : STREET 604.879.5279 For more information & savings visit us at: www.mapleleafsto
Investing Guide Category : Storage-Self Service
Savings, Tax Free Savings Accounts
Perimeter Transportation Whistler Shuttle Bus - 604-717-6600
8695 Barnard Street , Vancouver , BC V6P5G6
Keyword : Savings
Investing Guide Category : Bus Lines
www.perimeterbus.com res@perimeterbus.com
Savings, Tax Free Savings Accounts
Safety First Savings & Mortgage Corp - 604-734-7777
1660-401 Georgia Street West , Vancouver , BC V6B5A1
Investing Guide Category : Mortgages
Savings, Tax Free Savings Accounts
USC Education Savings Plans - 604-873-9646
Vancouver
7975 Yukon Street , Vancouver , BC V5X2Y6
Investing Guide Category : Financial Planning Consultants
Savings, Tax Free Savings Accounts
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