Comments on: Tax Free Savings Account Too Good To Pass Up http://www.happycapitalism.com/2009/02/tax-free-savings-account-to-good-to-pass-up/ A true believer in the happiness-inspiring powers of capitalism. Fri, 10 Feb 2012 21:08:58 +0000 hourly 1 http://wordpress.org/?v= By: Bob Ho http://www.happycapitalism.com/2009/02/tax-free-savings-account-to-good-to-pass-up/comment-page-1/#comment-912 Bob Ho Tue, 21 Dec 2010 00:13:18 +0000 http://www.happycapitalism.com/?p=697#comment-912 Your article mentioned about capital gain without touching on capital LOSS. The link to CRA was no help either. I heard recently that capital loss within TFSA cannot be used to offset your non-TFSA capital gain elsewhere. With interest rate at all time low, the only way to grow your wealth is to put your money in stocks for capital gain and/or dividends. But then you run the risk of losing your shirt with capital loss. One would argue that it is no different from RRSP. However, contribution to RRSP is tax deductible but not TFSA! As in real life, there is no free lunch. TFSA should be called TFGA, Tax Free Gambling Account. Your article mentioned about capital gain without touching on capital LOSS. The link to CRA was no help either. I heard recently that capital loss within TFSA cannot be used to offset your non-TFSA capital gain elsewhere. With interest rate at all time low, the only way to grow your wealth is to put your money in stocks for capital gain and/or dividends. But then you run the risk of losing your shirt with capital loss. One would argue that it is no different from RRSP. However, contribution to RRSP is tax deductible but not TFSA! As in real life, there is no free lunch. TFSA should be called TFGA, Tax Free Gambling Account.

]]> By: Bryan http://www.happycapitalism.com/2009/02/tax-free-savings-account-to-good-to-pass-up/comment-page-1/#comment-555 Bryan Thu, 06 May 2010 16:24:22 +0000 http://www.happycapitalism.com/?p=697#comment-555 here you go: http://www.budget.gc.ca/2008/pdf/pamphlet-depliant4-eng.pdf here you go:

http://www.budget.gc.ca/2008/pdf/pamphlet-depliant4-eng.pdf

]]> By: Sandra Theriault http://www.happycapitalism.com/2009/02/tax-free-savings-account-to-good-to-pass-up/comment-page-1/#comment-529 Sandra Theriault Fri, 16 Apr 2010 13:06:45 +0000 http://www.happycapitalism.com/?p=697#comment-529 Hi Lou, I attempted tp go to the link listed above however it keeps coming back as not abble to find. Is there another link you can refer me too? Thanks, Sandra Hi Lou,
I attempted tp go to the link listed above however it keeps coming back as not abble to find.

Is there another link you can refer me too?
Thanks,
Sandra

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