Watch this video next in case you're uncertain what to invest in first: 'TFSA vs RRSP vs FHSA: Which to invest in or max out first?' ua-cam.com/video/VTWxvQH0IxU/v-deo.html Cheers!
Years back after retiring, I talked to my bank Financial Adviser how to invest my RRSP into Mutual funds, it went down the hill. Someone told me to talk to Financial Planner instead, it was the same results, so I decided to put my TFSA into GIC 4.25% for 100 days. Stocks is hard for me to catch up when they are down as our sole incomes come from the government, maybe investing in stocks is more suitable for young brave souls.
Mu question is that is ut possible to own a hisa inside your tfsa at the same time have another tfsa exclusive only for buying stock meaning hold 2 tfsa inwealthsimple account am just worries that if I open hisa which for emergency fund if the stock market go down will eat all my hard earning money I hope you will notice my comment😊
Thanks! This is the most important one to watch if you're uncertain what to invest in first: 'TFSA vs RRSP vs FHSA: Which to invest in or max out first?' ua-cam.com/video/VTWxvQH0IxU/v-deo.html Cheers!
Great content. It is super clear on instructions too! Thanks. Also your Public Mobile affiliate link doesn't work anymore. I wanna sign up soon so could you check on your affiliate link?
This is a great video! I just wanted to add a little bit more on the crypto portion. While it is true that you can't hold crypto in a TFSA directly, you are however able to buy crypto ETFs in a TFSA even though the amount of etfs available are limited. PS. you are gorgeous :D
Very helpful!!! I started investing when I watched one of your videos. I have a question, if I became a tax resident of Canada by 2019 and haven’t contributed to TFSA yet, will my contrib start in 2019? I checked my CRA and it says 77,000 but I watched a video and saw they are using this tfsa contrib calculator. It says that my contribution is just around 30k.
Thanks, glad to hear! If I look at the TFSA contribution table on canada. ca (www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html), the numbers from your calculator match better. Not sure how your CRA can state such a high contribution room-perhaps they calculated your start of residency different (which would also surprise me). To be really sure, I would give them a call to confirm so you don't miss out/overcontribute! Cheers!
Hello! Thank you for the informative video. I was wondering how to transfer stocks from margin to tsfa account. Are there any tax implications if I transfer only the market value of the stock that does not exceed my tsfa limit for the year?
You don't have to be citizen or PR, but at least have a temporary work permit. At least with Wealthsimple and many other investment platforms the requirement is to be a resident of Canada.
Can I transfer funds from one TFSA from a bank to another TFSA in Wealthsimple without affecting my yearly room of contribution? I am confused about that
The important thing is not to withdraw money out of your TFSA. You can read more here: www.wealthsimple.com/en-ca/learn/tfsa-transfers#why_transfer_a_tfsa Cheers!
Hello, I'm a newcomer student and came here September 2024. I've created a TFSA account with Wealthsimple. Is my contribution room 7,000 CAD (because I'm here only from 2024) or the accumulated based on my age (even if it was outside Canada)?
Great question! TFSA contribution room only starts accumulating once you are a Canadian resident. To be sure, check your CRA account and see what's listed!
Watch this video next in case you're uncertain what to invest in first: 'TFSA vs RRSP vs FHSA: Which to invest in or max out first?' ua-cam.com/video/VTWxvQH0IxU/v-deo.html Cheers!
Thanks for the Great content 👍 Could you please share which stocks are your favorite within your TFSA ? Greatly appreciated 🙏❤😊
I watched lot of other videos about TFSA…I didn’t knew how to operate it until I watched yours
Thank you so…I appreciate it
Starting my financial journey this year.
Really appreciate you and your channel
It's crazy how many Canadian do not use or know about the TFSA!
I hope more people will know about it and use it!
plumber job apply video Please
I have a TFSA, it’s nice to have, however I don’t have it through the bank but through Sunlife and it grows pretty quick.
Awesome!
Years back after retiring, I talked to my bank Financial Adviser how to invest my RRSP into Mutual funds, it went down the hill. Someone told me to talk to Financial Planner instead, it was the same results, so I decided to put my TFSA into GIC 4.25% for 100 days. Stocks is hard for me to catch up when they are down as our sole incomes come from the government, maybe investing in stocks is more suitable for young brave souls.
Great video - very helpful and informative! Thank you!
Thank you for the amazing info Living In Canada 🙂👍
Thanks, happy Friday!
@@LivinginCanada
It's Friday??? Thank you for reminding me!😂 My dayz blend together at my job!😅
You look awesome as always btw!😊😊
Thanks as always great content 👌
Thanks, happy weekend!
Thank you for your videos
Thank you for sharing!
You're welcome!
Thanks for the video.
My question is, can money gotten as a grant used to put into a TFSA?
Thanks for watching! It will largely depend on the stipulations of your grant, does it say anything about investments?
@@LivinginCanada it's an OSAP grant, fr living expenses
Mu question is that is ut possible to own a hisa inside your tfsa at the same time have another tfsa exclusive only for buying stock meaning hold 2 tfsa inwealthsimple account am just worries that if I open hisa which for emergency fund if the stock market go down will eat all my hard earning money I hope you will notice my comment😊
Yes you can open more than 1 TFSA, but note that the contribution limit remains the same (so you have to keep track of it!)
Cibc is offering 5% interest is it good to with it
Thank you so much! Could you please provide the links to the other videos of yours that were mentioned? Thanks again for sharing!!
Thanks! This is the most important one to watch if you're uncertain what to invest in first: 'TFSA vs RRSP vs FHSA: Which to invest in or max out first?' ua-cam.com/video/VTWxvQH0IxU/v-deo.html Cheers!
💕💕💕
Great content. It is super clear on instructions too! Thanks. Also your Public Mobile affiliate link doesn't work anymore. I wanna sign up soon so could you check on your affiliate link?
Thanks so much! The Public Mobile link is correct, but you're right, sometimes it doesn't work and I can't change it. Cheers!
This is a great video! I just wanted to add a little bit more on the crypto portion. While it is true that you can't hold crypto in a TFSA directly, you are however able to buy crypto ETFs in a TFSA even though the amount of etfs available are limited.
PS. you are gorgeous :D
You're right, thanks for adding that. Yes, that's a possibility!
I have a line of credit that i can use as an emergency fund which i can pay back with my tfsa account
I’m about opening a TFSA on WealthSimple, there’s the “high savings account” and “stock and ETF”, which should I choose to open the TFSA?
I will be 44 years old next year, Can I invest tfsa? How much money should start to invest?
Very helpful!!! I started investing when I watched one of your videos. I have a question, if I became a tax resident of Canada by 2019 and haven’t contributed to TFSA yet, will my contrib start in 2019? I checked my CRA and it says 77,000 but I watched a video and saw they are using this tfsa contrib calculator. It says that my contribution is just around 30k.
Thanks, glad to hear! If I look at the TFSA contribution table on canada. ca (www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html), the numbers from your calculator match better. Not sure how your CRA can state such a high contribution room-perhaps they calculated your start of residency different (which would also surprise me). To be really sure, I would give them a call to confirm so you don't miss out/overcontribute! Cheers!
Is it only for the residents or can people with just work permit can do it
The criteria is being a tax resident
Do you get back the money you withdrawal from your tfsa the following year ?
Hello! Thank you for the informative video. I was wondering how to transfer stocks from margin to tsfa account. Are there any tax implications if I transfer only the market value of the stock that does not exceed my tsfa limit for the year?
I ask about that on my bank and says you are not allowed to have a tfsa accnt if you are not a pr or citizen by the way im a tfw
You don't have to be citizen or PR, but at least have a temporary work permit. At least with Wealthsimple and many other investment platforms the requirement is to be a resident of Canada.
Can I transfer funds from one TFSA from a bank to another TFSA in Wealthsimple without affecting my yearly room of contribution? I am confused about that
The important thing is not to withdraw money out of your TFSA. You can read more here: www.wealthsimple.com/en-ca/learn/tfsa-transfers#why_transfer_a_tfsa
Cheers!
The new best way to benefit from bitcoin growth is buying shares in microstrategy in your tfsa as they are buying bitcoin. ;)
What ETF's do you invest in inside your TFSA?
I mainly have VFV!
@@LivinginCanadaWhat is VFV?
Hello, I'm a newcomer student and came here September 2024. I've created a TFSA account with Wealthsimple. Is my contribution room 7,000 CAD (because I'm here only from 2024) or the accumulated based on my age (even if it was outside Canada)?
Great question! TFSA contribution room only starts accumulating once you are a Canadian resident. To be sure, check your CRA account and see what's listed!
How does video get 1500 plus thumb up with 1850 views and only 17 comments?
Everything is an ad🙄
I know your a tough girl.. you eyes caught my attention.. I got lost in your glaze.. 😶🌫️
Great video! Very informative #newsubbie