My goal:
turn CAD $1,000 into CAD $5,000 without additional deposits

Start date:
March 9, 2009

Deadline:
December 31, 2009

Last updated:
May 15, 2009

Click to enlarge
tfsa_may15

Canada’s TFSA (Tax-Free Savings Account) advantages:
  • Invest up to $5,000 each year and every year
  • Accumulate faster by never paying tax on your investment income, interest, dividends and capital gains
  • Withdraw funds any time and for any purpose without paying any taxes
  • All income earned — dividends, interest, capital gains – grows tax free
Questrade’s TFSA advantages:
  • No annual fees, no inactivity fees, and a low account-opening minimum of CAD $1000
  • Low commissions on stock trades: 1¢ per share, minimum $4.95 / maximum $9.95
  • Hold and trade U.S. dollars and pay no forced currency conversion fees
  • Trade gold bullion