TFSA (Tax Free Savings Account) new annual limit jumps to $10,000
Back in the spring (Atlantic Canadians will know this as June) the Government introduced a new annual limit for TFSAs and set the number at $10,000. The previous annual limit for 2015 was $5,500. Now you can top up your TFSA by an additional $4,500 to bring the total for the year to $10,000. REFRESHING YOUR MEMORY: TFSAs were introduced in 2009 and were/are a new type of savings account where the income or growth inside the account is never taxed. You use after tax money to m
GREECE: What does withdrawing from the Euro ZONE really mean?
This past weekend (July 5th) the Greek population voted NO, essentially giving their political leaders their approval of a possible withdrawal from the European Union and a possible rejection of the EURO as their currency. To start, I find it interesting the Politicians wanted to have this referendum when they were only elected a few months ago on a platform to play hardball with the EU in terms of debt negotiations. The bottom line leading up to this referendum was trying to
