Hi, Guest
02-24-2009, 01:48 PM
don't have, probably won't have one until I'm done university.
however I do understand how the TFSA work a bit, and they only really seem beneficial for when you max it out a $5K a year, plus $500 for every year afterward (adjusted for inflation). The interest rate would have remain relatively competitive for them to really take off, and IMO they should have been a couple of percentage points higher to give everyone the incentive to put their money in these accounts. I do like the structure of them and how they carry over any unused amount to the next year.
however I do understand how the TFSA work a bit, and they only really seem beneficial for when you max it out a $5K a year, plus $500 for every year afterward (adjusted for inflation). The interest rate would have remain relatively competitive for them to really take off, and IMO they should have been a couple of percentage points higher to give everyone the incentive to put their money in these accounts. I do like the structure of them and how they carry over any unused amount to the next year.
'03 Focus SVT