Friday, December 20, 2013

Use of TFSA

2:37 PM



Question:

Why is the TSFA not used as income?  It accumulates a large balance but there aren't any withdrawals ever from the account.

Answer:

Your TFSA is never required, as the goal is met from RRSPs and LIFs, which require minimum withdrawals during retirement, and non-registered assets, which have a higher withdrawal priority than the TFSA.

0 comments:

Post a Comment

Note: Only a member of this blog may post a comment.

 

© 2018 Risk Blog by Equisoft Inc. All rights reserved. Designed by Templateism

Back To Top