MAKE THE MOST OF TFSA’s SHELTERING POWER

The Globe and Mail – by Rob Carrick

web_dss“Think of the new Tax-Free Savings Account as a kind of financial shopping cart. The question is, what investment products are you going to fill it with?  “In most cases, you want a TFSA to generate income that is dependable and compoundable,” said David Shymko, an investment counsellor adviser with Macdonald Shymko & Co. in Vancouver.  An additional consideration suggested by Mr. Shymko is liquidity. This is particularly important if you plan to use your TFSA as an emergency fund and want to be able to make withdrawals as quickly and painlessly as possible.”  Click here to read the rest of this article

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