Tax-Free Savings Accounts (TFSAs) ONLY available in Canada!!
Last month we talked about the implications of the U.S. presidential election results, Tax-Free Savings Accounts (TFSAs) and the “Trump Bump”.
And you may recall that back in May we chatted about TFSAs (please find a course refresher here). Are you curious how clients are using profits from their TFSA in combination with the “Trump Bump” and U.S. Equities?
Profit, Profit, Profit! TAX-FREE PROFIT!
Here’s how some of our client’s have used their TFSA profits:
New laptop, Ralph Lauren sweater, airline tickets, cheque to grandchildren and a new bathroom.
Thank you “Trump Bump”!!!
Having a Tax-Free profit offers the option to:
✓ pay down credit cards
✓ pay your taxes
✓ buy new winter tires
✓ or get that new deck built (like I did)!
Thank you Non-Taxable PROFIT!
It’s all yours! The government doesn’t know about this profit and your accountant doesn’t need a tax slip!
The secret of a “Trump Bump”?
What what we’re seeing with clients is if they’re able to replace as quickly as possible with monthly or annual payments this opens the possibility of double-dipping on profits TAX-FREE!
What have you done with your “Trump Bump”?
Let us know! OR are you a fan of enjoying profits?😊Call us (204) 774-9529 or schedule a time that’s best for you through our online calendar here: calendly.com/tedirvine
