[06gtpony]

darkpuppet,Feb 23 2009, 03:01 PM Wrote:It's a great idea...sure, you're limited to contributing 5 grand a year, but you're not limited to how much money you can make with it (that's why I got a self-directed investments TFSA).[right][snapback]281561[/snapback][/right]

What's the return on investment for one of these??
I was considering opening an account, but haven't heard too much about it thus far. At this point, I still use the good old RRSP to offset the money I owe to the government from investment income. I have a few GIC's setup which yield about 4% but like you said, the taxman will catch up with you eventually.

The crappy part about the TFSA is the 5 grand per year cap.
Even if the ROI was good, it's tough to make money on such a low investment.