TFSA Now and Then
A few years ago when TFSA‘s were a new and exciting thing, our friend Larry MacDonald did an article featuring me (and my son in the picture). The article discussed what TFSAs could be used… Read More »TFSA Now and Then
I did my RRSP and TFSA Now What?
After contributing to my RRSP and TFSA, I often hear people ask, “Now what?” It’s a fair question—but the real question should be: What did you invest in once the money landed?
Far too many people drop funds into a TFSA “savings” account earning 1.2%, or worse, let their advisor push them into mutual funds with high MERs (Management Expense Ratios)—sometimes as high as 3.2%! That’s not wealth-building. That’s giving your money away in fees.
The TFSA is a powerful tool, but only if used properly. It’s not just a tax-sheltered savings account—it can (and should) be a vehicle for investing in low-fee, long-term growth assets. The same goes for your RRSP.
Bottom line? If you’re handing over $2,000 to a stranger at a bank and saying, “Do something with it,” you need to spend more time learning about your money than shopping for your next TV. Otherwise, the real cost isn’t the MER—it’s missed opportunity.
Keywords: TFSA, MER, RRSP, personal finance, Canadian investing, mutual fund fees, financial literacy, low-fee investing
TFSA Costing the Government?
Would the government ever curtail the TFSA program? I doubt that very highly, it is now entrenched in the Canadian Financial Psyche.
TFSA Limits Don’t Rise (again) but CRA Thresholds Do
What is your tfsa limit ? Best to go check on the CRA web site and try to figure that one out, or you could call them? They do answer the phones…
Welcome to the 2nd Half of the Year!
Yes folks, the second half of the year is already almost a week old, astounding isn’t it? What have you done so far financially this  year? Have you reached your goals, or are you on… Read More »Welcome to the 2nd Half of the Year!
