Tax-free Savings Accounts: A Guide To TFSA's And How They Make You Rich

by Gordon Pape

Tax-Free Savings Accounts are the most powerful personal savings vehicle available to Canadians. Although they were first introduced in 2009, TFSAs still haven't been opened by thousands of Canadians, who are passing up the opportunity to add thousands of tax-exampt dollars to their personal wealth! Plus, many people who have TFSA accounts don't make regular contributions. One of the the problems is that TFSAs are much more complex than they first appeared to be. This book provides the information Canadians need fo the most effective ways to take advantage of this great investment opportunity. Trusted financial expert Gordon Pape wrote the first and only definitive guide to TFSAs, which became a huge bestseller. In this completely revised and updated edition, Pape provides clear and easy-to-understand advice to help you get the most from your TFSA and how to get started if you haven't yet opened an account. With details of rule changes, investment strategies, and pitfalls to avoid, Tax-Free Savings Accounts shows you how tomaximize your investment, correctly manage withdrawals, successfully understand fees so you won't get hit with unexpected charges, and much more. It's time to take control of your money and make a TFSA a key component of your plan to achieve financial freedom.

Genres: Nonfiction, Finance

144 pages, Paperback

First published December 1, 2008

About the author

Gordon is Canada’s best-known financial writer. He is the author of more than 20 books on investing and money management and is the editor and publisher of five financial newsletters. His columns on investing appear in several magazines and on major Canadian websites and he is frequently quoted in the media. He divides his time between Toronto and his winter home in Fort Myers Beach, Florida.

Gordon Kendrew Pape, B.A.; author, broadcaster, lecturer; b. San Francisco, Cal. 1936; came to Can. 1950; e. Three Rivers High Scho., Trois Rivieres, Que. 1954; Carleton Univ. B.A. 1959; Univ. of Toulouse 1960-61 (Rotary Foundation Fellowship); Pres., Gordon Pape Enterprises; Educ. Writer The Gazette Montreal 1961-63, Que. Bureau Chief 1963-66, Parlty. Corr. Ottawa 1966-70, Assoc. Ed. Montreal 1973-74; Bureau Chief, Southam News Service, London, Eng. 1970-73; Asst. to Publisher Financial Times of Canada 1974-7

Reviews

[Em · Rating 4 out of 5]

Great little book inteoducing TFSAs. Removed a ⭐️ bc the book was published 15 years ago and some of the info is outdated. Take some info with a grain of salt, but most of this is great advice

[Rasha · Rating 3 out of 5]

It is a useful book for people who need a simple general introduction to what is TFSA, differences between TFSA, RRSP and the other types of accounts.
It presents several examples to illustrates the concepts.
Yet, be aware that this is an old version and rules has changed. So, it is sufficient to introduce you to TFSA as far as you do not be literal about everything written. The author drives the readre attention to that many times through the book.

[Huijing · Rating 5 out of 5]

Pretty clear in explaining what TFSA is and how it’s different from RRSP and other type of investment vehicles.

[Mengyu Gao · Rating 4 out of 5]

Pretty short and introductory read on TFSAs

[Charlie Lake · Rating 5 out of 5]

Good and important read especially for Canadians

[Kaitlyn Denny · Rating 3 out of 5]

likely good information 15 years ago, but it seems a bit dated. Google might have more up-to-date information honestly.

[Zenah · Rating 5 out of 5]

Great book on the ins and outs of the TFSA. Pape provides alot of clear examples of what he's talking about to make the concepts crystal clear. I thought I had a decent understanding of TFSAs before I read this but found that I had learned a great deal about tax-saving, succession planning and special cases after reading it.

[Jessica · Rating 3 out of 5]

A lot of good information, but nothing startling that I hadn't already found out for myself.

[Ryan O'Connor · Rating 4 out of 5]

Good solid info, I knew most of it but was still interested in the content. Would recommend to anyone over 19 cause we will all get old someday!

[Tim Weakley · Rating 3 out of 5]

Great book full of information that Canadians should be aware of. It's prompted me to look for the updated version. The copy I read was from 2009, and a flea market find.

[Holly · Rating 5 out of 5]

great overview of TFSA's in Canada.