A tax-free savings account (TFSA, French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving...
17 KB (1,940 words) - 10:10, 24 October 2024
offered by National Savings and Investments, a state-owned institution which has in the past offered a range of other tax-free accounts, in addition to its...
57 KB (7,444 words) - 01:04, 6 September 2024
Canada for holding savings and investment assets. RRSPs have various tax advantages compared to investing outside of tax-preferred accounts. They were introduced...
29 KB (3,697 words) - 17:36, 24 October 2024
account through investments is also tax-free, comparable to a tax-free savings account (TFSA). If the money in the account is not used to buy a home within fifteen...
6 KB (666 words) - 14:41, 3 November 2024
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible...
44 KB (5,449 words) - 13:00, 26 September 2024
In the UK, the tax-exempt special savings account (TESSA) was one of a number of tax-free savings accounts. The TESSA was announced by John Major in his...
3 KB (472 words) - 13:19, 25 April 2020
Jim Flaherty (section Tax-Free Savings Account)
reduced personal income taxes and corporate taxes, reduced the goods and services tax to 5%, introduced the tax-free savings account, and dealt with the Great...
52 KB (4,632 words) - 08:38, 20 October 2024
A Nippon individual savings account (NISA) is an account that is meant to help residents in Japan save money with tax-exempt benefits. It is modeled after...
5 KB (523 words) - 05:29, 7 August 2024
account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings....
43 KB (5,732 words) - 21:15, 21 September 2024
(USA) Tax-exempt special savings account (TESSA) (UK) Tax-Free Savings Account (Canada) Money-market Other account types Loan account Joint account Low-cost...
6 KB (763 words) - 13:48, 27 September 2024
those who trade frequently are taxed on such profits as a business income. In Sweden, the Investment Savings Account (ISK – Investeringssparkonto) was...
105 KB (13,893 words) - 03:26, 18 October 2024
education individual retirement account), is a tax advantaged investment account in the U.S. designed to encourage savings to cover future education expenses...
10 KB (1,147 words) - 20:35, 27 November 2023
provide to the Canada Education Savings Grant (CESG) and as a method of generating tax-deferred income. An RESP is a tax shelter designed to benefit post-secondary...
10 KB (1,203 words) - 04:26, 1 November 2024
reducing sales tax, reducing income taxes, reducing business taxes, balancing the national budget, creating the tax-free savings account (TFSA), and creating...
104 KB (8,777 words) - 13:16, 31 October 2024
introduced the Tax-Free Savings Account (TFSA), a flexible, registered, general-purpose savings vehicle that allows Canadians to earn tax-free investment...
116 KB (11,777 words) - 15:00, 3 October 2024
are also eligible for registration under a Tax-Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP). As of 2023, the bank has almost...
15 KB (1,562 words) - 22:56, 1 August 2024
products are eligible for registration under a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) or Registered Retirement Income...
12 KB (1,100 words) - 10:37, 2 November 2024
spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings...
33 KB (4,347 words) - 12:09, 8 April 2024
or tax-free. Examples of tax-advantaged accounts and investments include retirement plans, education savings accounts, medical savings accounts, and government...
10 KB (1,376 words) - 18:15, 17 September 2024
Contributions are not tax-deductible, and earnings and growth accrue on a tax-deferred basis. Anyone can contribute. The contributions grow tax-free until withdrawn...
9 KB (1,122 words) - 00:36, 1 November 2024
Taxation in Canada (redirect from Tax in canada)
from taxation. Capital gains made by investments in a Tax-Free Savings Account (TFSA) are not taxed. Since the 2013 budget, interest can no longer be claimed...
61 KB (6,322 words) - 09:01, 5 November 2024
Equitable Bank (section Savings products)
Bank offering savings products such as Guaranteed Investment Certificates, Tax-Free Savings Accounts, and High Interest Savings Accounts. On June 6, 2022...
21 KB (1,977 words) - 01:57, 9 September 2024
Registered retirement income fund (category Tax-advantaged savings plans in Canada)
retraite, FERR) is a tax-deferred retirement plan under Canadian tax law. Individuals use an RRIF to generate income from the savings accumulated under their...
7 KB (655 words) - 18:01, 31 October 2024
Roth IRA (category Individual retirement accounts)
qualified withdrawals from the Roth IRA plan are tax-free, and growth in the account is tax-free. The Roth IRA was introduced as part of the Taxpayer...
32 KB (4,495 words) - 04:37, 17 October 2024
Stephen Harper (section Free trade with EFTA)
personal income tax cuts and infrastructure investments in response to the Great Recession, introduced the tax-free savings account, and ordered military...
182 KB (17,811 words) - 15:14, 2 November 2024
retirement account (LIRA, French: compte de retraite immobilisé (CRI)) or locked-in retirement savings plan (LRSP) is a Canadian investment account designed...
7 KB (756 words) - 21:38, 31 October 2024
529 plan (redirect from 529 College Savings Plan)
savings plans are made with after-tax dollars. Once money is invested in the account, it grows tax-free, and withdrawals from the plans are not taxed...
31 KB (4,071 words) - 19:54, 4 November 2024
A medical savings account (MSA) is an account into which tax-deferred amounts from income can be deposited. The amounts are often called contributions...
3 KB (415 words) - 18:03, 4 August 2024
registered home ownership savings plan (RHOSP, French: Régime enregistré d'épargne-logement, REÉL) was a federal tax-deferred savings plan intended to encourage...
15 KB (1,872 words) - 23:56, 3 November 2024
quarter) and tax benefits. The account can be opened at any India Post office or branch of authorized commercial banks. The Sukanya Samriddhi Account Rules,...
18 KB (1,658 words) - 19:26, 30 September 2024