What features of a tax-free savings account (TFSA) allow it to be considered a very flexible savings
Question:
What features of a tax-free savings account (TFSA) allow it to be considered a very flexible savings alternative?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
A taxfree savings account TFSA is an account in which contributions interest earned dividends and capital gains are not taxed and can be withdrawn tax...View the full answer
Answered By
Megha Dond
I'm a science student interested in blog writing. I always wanted to share my subject knowledge with others.
I want to help students in solving their questions and earn money for my studies.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is a tax-free savings account (TFSA)? How can it help to reduce tax payable?
-
What is a tax-free savings account (TFSA)? How can it help to reduce tax payable?
-
What is a tax-free savings account (TFSA)? What are the similarities and differences between RRSPs and TFSAs?
-
Doug Robinson and Dante are considering the possibility of opening their own manufacturing facility. They expect first-year sales to be $800,000, and they feel that their variable costs will be...
-
An element X reacts with oxygen to form XO2 and with chlorine to form XCl4. XO2 is a white solid that melts at high temperatures (above 1000oC). Under usual conditions, XCl4 is a colorless liquid...
-
List three choices in deciding a foreign subsidiarys cost of capital. Which of these three choices is usually used by most multinational companies?
-
Evaluate the integral \(\int_{0}^{\infty} \frac{(\ln x)^{2}}{1+x^{2}} d x\). [Replace \(x\) with \(z=e^{t}\) and use the rectangular contour in Figure 7. 55 with \(R ightarrow \infty\).] Data from...
-
Liability Entries and Adjustments Listed below are selected transactions of Schultz Department Store for the current year ending December 31. 1. On December 5, the store received $500 from the...
-
Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. April 30 Received $672,000 from Commerce Bank after signing a 12-month, 9.00 percent,...
-
Values for the NASDAQ composite index during the 1,500 days preceding March 10, 2006, can be downloaded from the authors web site. Calculate the one-day 99% VaR and the one-day 99% ES on March 10,...
-
Define and describe automated banking machines (ABMs).
-
Compare and contrast savings accounts and chequing accounts.
-
What are the four assumptions made about the probability distribution of in regression?
-
Independent contractors agree to perform work without being under the direct control or direction of another party. An employer is liable for the torts or negligence of an independent contractor in...
-
About an insurance contract: The insurer must indemnify the insured for losses caused by specified events. In return, the insured must pay a fixed premium during the policy period. Interpretation...
-
Medical malpractice insurance is affected by the cyclical nature of the insurance market.
-
The Affordable Care Act (ACA) is designed to increase the number of Americans covered by health insurance, while decreasing the cost of the insurance. Controversy, however, continues to swirl around...
-
The pleadings of a case are the written statements of fact and law filed with a court by the parties to a lawsuit. Pleadings generally include such papers as a complaint, demurrer, answer, and bill...
-
"A faster-growing money supply leads to higher interest rates." Can this be?
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
What factors are considered in the calculation of the FICO score? Briefly explain each.
-
List the protections against identity theft offered by the FACT Act. How does Principle 10: Just Do It! apply to these protections?
-
What other protection to your credit information does the Fair Credit Reporting Act provide?
-
3. Someone votes for the Republican candidate for governor and the Democratic candidate for attorney general. This person just engaged in voting.
-
Requirements: 1. Calculate the break-even point in units and dollars (chapter 4, text) 2. Plot a Break-Even Chart Sales (1000 units) Less: Variable costs Contribution Margin Less: Fixed costs Net...
-
Which person held the belief that the circumstances into which we are born play an important role in our personal outcome? Immanuel Kant O John Stuart Mill O Milton Friedman O John Rawls
Study smarter with the SolutionInn App