TFSA Explained: EVERYTHING You Need To Know (Contribution Room, Withdrawals, Strategy, & More)

Fee for service financial planning: https://www.parallelwealth.com/ffs
Contribution room table: https://fbc.ca/blog/tfsa-limit-2021-a...

We've done quite a few videos on TFSAs on this channel, but when I talk to clients, there is still some confusion around the topic. In this video we'll go through all the ins and outs of a TFSA. What is a TFSA? What are some common mistakes? What is my personal TFSA strategy? Hopefully by the end of the video you have a good idea of how a TFSA can be extremely helpful for you, and can be a great tool not only for retirement, but for a variety of different reasons.

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning or email [email protected]

OUTLINE:
0:00 - Introduction
0:45 - What This Video Covers
1:45 - What Is A TFSA?
3:28 - Contribution Room
4:26 - Various Examples (Withdrawals / Contribution)
13:39 - TFSA Mistakes
19:07 - How To Use Your TFSA?
24:29 - My Personal Strategy
-----------------------------------------
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

Take our Retirement Ready Assessment https://www.parallelwealth.com/retire...
My daily read to stay connected https://www.morningbrew.com/daily/r?k...
Book recommendation: https://www.amazon.ca/Start-Why-Leade...