[darkpuppet]

FocusGuy7476,Feb 23 2009, 11:48 PM Wrote: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.
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well, that's the thing... a regular TFSA isn't so dandy. But a TFSA investments account is pretty dandy since you're not constrained by a bank's interest rate. Tho the risk is slightly higher.

Which means I can double, triple, quadrouple, or even lose all of my 5,000 every year and the money's all mine.