- Joined
- Oct 22, 2007
- Messages
- 2,803
The new tax-free savings accounts have attracted a lot of attention and it seems that most people are trying to find a way to leverage them.
Being of fairly limited imagination when it comes to investments, I have simply started transferring my security deposits into them. I figure that money is just supposed to sit in a savings account anyway, so why not make the best of it?
Obviously the $5000 yearly contribution limitation would make this idea rather riduculous for someone with a large number of doors, but for our small (for now!) portfolio, it should work well.
I would be interested to hear other ideas for utilizing the TFSA.
Regards,
Sherilynn
Being of fairly limited imagination when it comes to investments, I have simply started transferring my security deposits into them. I figure that money is just supposed to sit in a savings account anyway, so why not make the best of it?
Obviously the $5000 yearly contribution limitation would make this idea rather riduculous for someone with a large number of doors, but for our small (for now!) portfolio, it should work well.
I would be interested to hear other ideas for utilizing the TFSA.
Regards,
Sherilynn