This article has 11 Comments

  1. Emerson

    I’ve made contributions across gic, savings, rrsp, and bonds. So i’m in good shape 🙂 🙂

  2. Tim B

    I wish banks paid better interest.

  3. Harpreet

    Actually be careful when you say $15,000 is available for 2011 since it also depends on how much isnt used from prior years.

  4. Trace D.

    Yes. in 2011 it will be an additional $5000. So, depending on your prior contributions and the interest earned, your contribution room for 2011 will be a minimum of $15,000.

  5. Ivan S.

    Is the 2011 contriubtion room another $5000?

  6. Maxwell

    I guess i am the only one on the planet that doesnt know what tfsa even means 🙁

  7. Barry F.

    I’ve only used it for RRSPs.

  8. Brook S.

    The main problem with it is that the contribution space is tiny. Until it is pushed up to fit more i dont see why anyone would use it for anything but as a true savings account.

  9. Lenny Sweeney

    You can use tfsa with stocks? That’s new to me.

  10. Keifer B

    I agree that the main problem has to do with marketing. At least that is why i have been inclined to only use TFSAs with GICs.

  11. Jax

    The reasoning is simple. Why should i when the interest rate offered isn’t any better across different instruments?

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