Tax Free Savings Accounts with new higher limits means more savings for you!

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Starting in 2015, you can contribute up to $10,000 annually to your TFSA (up from $5,500)

What this means is that the total lifetime contribution limit up to 2015 is now $41,000, so if you haven’t already contributed, you could move that much of your investments into a tax free account immediately, and stop paying tax on any investment income from that money.

For ever.

What better way to avoid a bunch of those little T3 and T5 investment income slips that you get every year, and that make your tax return less… well… taxing?

For more details, click here

Updated: May 28, 2015 — 6:42 am

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