Tax Free Savings Accounts (TFSA) for your Mortgage
Tax Free Savings Accounts (TFSA) for your Mortgage
Don’t overlook the creative ways to use your TFSA. Use it for the greater gain in both investing and tax preferable strategies. Simply opening a savings account at your bank and sheltering minimal interest income is rarely the best option. Placing your higher risk investments in this vehicle can spare your gains from the tax man. If paying off your mortgage is a priority to you, then take this gain and pay down your mortgage saving you in taxes and interest payable. I can help find the investment right for you.
For more information on how financial planning can improve your bottom line and boost your lifestyle contact Siobhan Harlow of Harlow Financial