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: 62% (16 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account TFSA is an account in which contributions interest earned dividends and capital gains are not taxed and can be withdrawn tax...View the full answer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...
-
How much time do you think it might take?
-
What could be the effect of investors making systematic errors when buying and selling shares?
-
It has been reported that women end up unhappier than men later in life, even though they start out happier (Yahoo News, August 1, 2008). Early in life, women are more likely to fulfill their family...
-
Bankruptcy is the failure of a business. True False
-
For the figure shown below, find the 4x4 homogeneous transformation matrices A and A for i=1, 2, 3, 4, 5 0 0 n. a, Px -1 e+c n, F = S, a, Py r. -1 a - d | b n. a. . 125 0 0 1 1 e a Yo -Can you find...
-
Define and describe automated banking machines (ABMs).
-
Compare and contrast savings accounts and chequing accounts.
-
Insisting that financial statements should be a faithful representation of transactions and events during an accounting period, an accountant refuses to present the financial statements until...
-
The accounting records of the Eco Paper Company include the following information relating to the current year ended 31 March 2023: Materials 31 March 2023 $20,000 1 April 2022 $25,000 Work in...
-
The first read is an article on the development of money of a World War II prisoner-of-war, which was published in 1945. The second article was published in the opinion section of the New York Times...
-
Describe each Speaker's basic assumptions regarding employee motivation. That is, what are the underlying principles which guide how the Speaker treats his/her people (i.e., their direct report...
-
Find the area of the shaded region. The graph to the rate of IQ scores of adults, and those scores are normally distributed with the mean of 100 and a standard deviation of 15. x=81
-
In which scenario is Nikki showing resilience to stress? Nikki lost her job as an engineer 3 months ago. At first, she was depressed, but she realized she wanted to change career paths and decided to...
-
Without actually doing the calculations, decide which, if either, of the following two sets of data will have the greater standard deviation. Explain why. 15, 18, 19, 20, 22, 26 21, 22, 22, 23, 23, 24
-
Match each of the key terms with the definition that best fits it. _______________ A record of the sequence of data entries and the date of those entries. Here are the key terms from the chapter. 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?
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App