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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
medical savings account (MSA) refers to a medical savings account program, generally associated with self-employed individuals, in which tax-deferred...
11 KB (1,476 words) - 13:44, 1 January 2024