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Tax-Free Savings Account - Rules and Options

 

What You Will Learn

LESSON 1: Applying the Basic Rules of TFSAs

  • The Basic Rules
  • The Parties to a TFSA
  • What Qualifies as a TFSA?

LESSON 2: Contributions, Qualifying Investments and Penalties

  • Calculating Contribution Room
  • Excess Contributions
  • What Can You Put in a TFSA?
  • Penalty Taxes on Investments

LESSON 3: Transfers, Tax Deductions and Other Rules (updated content to 2019)

  • Transfers Between TFSAs
  • Tax Deductions and Capital Gains and Losses
  • TFSAs and Non-Residents
  • When a TFSA Ceases to be a TFSA
  • When the Holder of a TFSA Dies

LESSON 4: TFSA Suitability and Comparison with RRSPs

  • The Suitability of Investing in a TFSA
  • Comparing RRSPs and TFSAs
  • Which is Best for Retirement?
  • Having Both an RRSP and a TFSA

LESSON 5: Income Splitting and Other Benefits

  • Income Splitting
  • TFSAs and Government Benefit Clawbacks
  • What Types of Investments Should a TFSA Hold?
  • How Much Money can Accumulate Tax-Free Within a TFSA?
  • QUIZ FORMAT
    Number of Quizzes 1
    Quiz Format Online
    Question Format Multiple Choice
    Questions Per Quiz 20 Questions
    Passing Grade 60%*
    Attempts Allowed Unlimited*
    ENROLMENT PERIOD
    Enrolment Period 6 months

    Continuing Education (CE) Credits

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