回复: 现在就可以开tax free saving account, ING offer 6% interest by Dec 31
Beginning in January 2009, you’ll have a new way to grow your savings! With the introduction of the Tax-Free Savings Account (TFSA) by the Federal Government, Canadian residents 18 years of age or older will be able to save or invest up to $5,000 every year without being taxed on interest earned or capital gains. It’s a great way to save faster!
What you need to know about Tax-Free Savings Accounts
Your contribution to a TFSA will not be tax deductible, but interest earned will not be taxed, even when withdrawn, giving you the flexibility to use your savings to purchase a new car, renovate a house, start a small business, or take a family vacation.
Contributions to your TFSA
You can contribute a maximum of $5,000 per year to your Tax-Free Savings Account (in addition to any RSP limit you may have)
You can contribute to a TFSA with more than one financial institution in a tax year, but your total contributions cannot exceed the $5,000 maximum
Your contributions are not tax deductible (like they are with an RSP)
You don’t have to contribute the maximum every year and the unused contribution room can be carried forward indefinitely
For example: If you contribute $3,000 to a TFSA in 2009, you will be able to carry forward $2,000 in unused contribution room making your 2010 limit $7,000 ($2,000 unused contribution carried forward, plus $5,000 annual limit for 2010).
Withdrawals from your TFSA
You can withdraw funds from your Tax-Free Savings Account at any time, for any reason, without being taxed
Your withdrawal amount will be added to your contribution room but not until the following tax year. This is important to remember when deciding to withdraw or not.
For example: If you contribute $4,000 to a TFSA in 2009 but then withdraw $1,000 later that year, your contribution limit for 2010 would be $7,000 ($1,000 unused contribution room carried forward from 2009, plus the $1,000 withdrawn in 2009, plus your annual $5,000 limit for 2010).
Your withdrawn amount will not affect your eligibility for income tested benefits such as Old Age Supplement, Canada Child Tax Benefit or Guaranteed Income Supplement.
Tax Free Savings Account won’t be available until January 2009, but you can get into the savings habit today with our high interest Ultimate Savings Account.
Check back periodically for updates as additional information becomes available. For more detailed information, visit the Government of Canada’s Tax Free Savings Account information page.
