Tax-Free Savings Account Starter Kit

The ABCs of Tax Free Savings Accounts video is a summary of what you need to know.

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Opening up a Tax-Free Savings Account, known as a TFSA, can offer you and your family a great opportunity to earn a significant amount of investment income tax-free, beginning in 2009. Though your contributions to this new type of investment account will not be tax-deductible, the income and capital gains earned within the account will be tax-free.

KPMG's Tax practice is pleased to present a video that will provide you with an overview of the rules for TFSAs and their benefits to help you get started right away. Topics covered in the video include:

How much can you contribute?
Which investments qualify?
Where should you invest your savings?
What about your mortgage?

For a deeper understanding of tax-free savings accounts please refer to the November 12, 2008, TaxNewsFlash-Canada: Tax-Free Savings Accounts - Get a Quick Start Out of the Gate in 2009

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