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🌱 Grow Your Wealth with a TFSA! 🌱 Thinking about investing? A Tax-Free Savings Account (TFSA) is your best friend! Here’s why: 💰 1. Tax-Free Growth: Enjoy the power of compounding without the tax hit on your gains! 📈 2. Flexible Withdrawals: Need cash? Withdraw anytime without penalties, making it perfect for emergencies or big purchases. 🔒 3. Contribution Room: Any unused contribution room carries over, giving you more opportunities to save and invest. 💡 4. Investment Options: From stocks to bonds to mutual funds, your TFSA can hold a variety of investments, tailored to your goals. Start your journey to financial freedom today! 🚀✨ #TFSA #InvestSmart #FinancialGoals #WealthBuilding #MoneyMatters

Maximize your Savings in 2025 with your TFSA! The Tax-Free Savings Account (TFSA) is one of the most powerful tools to growth your wealth. Here's why: 1. Tax-Free Growth: Your investments grow without being taxed. 2. Flexibility: Withdraw funds anytime without penalties. 3. Contribution Room Carries Forward: Haven't maxed out yet? You can catch up! Good news for 2025: The new annual contribution limit is $7,000, bringing the total room (if you have never contributed and were eligible to have a TFSA since 2009) to $102,000. It is always best to check your TFSA room with CRA between the end of February to December. Start early, invest wisely, and let your money work harder for you. #TFSA #WealthBuilding #FinancialFreedom

The Tax-Free Savings Account (TFSA) contribution limit for 2025 is $7,000, in addition to any unused contribution room from previous years. Total Contribution Room if you were born before 1991 is $102,000. If you and your partner / spouse each opened a TFSA and started a pre-authorized contribution of $125 biweekly (or $250 total) and you averaged an annual rate of return of 9%: After 30 years, you would accumulate $1,007,689. After 35 years, you would accumulate $1,618,906. #financialeducation #investing #tfsa

💥 Unlocking the Power of Your TFSA: A Smart Strategy for Savvy Investors 💥 Ever thought about leveraging your TFSA to supercharge your investments? Here’s a scenario that might make you rethink your strategy! 💡 Imagine you’ve been diligently contributing to your TFSA every year. Five years in, your TFSA is now worth a solid $75,000. Instead of just letting it grow, you decide to take a bold step: using it as collateral for a loan. Here’s how it plays out: 1. Collateral Loan: You secure a $50,000 loan at a 4% interest rate. 2. Total Assets: Your investment portfolio now stands at $125,000 ($75,000 in TFSA + $50,000 in a non-registered account). 3. Investment Move: You invest the borrowed funds in dividend-paying stocks. 4. Growth Projection: Over the next 5 years, your non-registered portfolio earns an average annual return of 8%. 5.Financial Outcome: The $50,000 grows to $73,466, yielding a post-tax profit of $18,773 after accounting for a 20% tax rate on dividends and capital gains. Here’s the kicker: The interest on your loan can be deducted, reducing your net annual cost to just $1,200 (assuming a 40% marginal tax rate). Over five years, this totals $6,000, boosting your net profit to $12,773 and giving you a remarkable 25.5% return on the borrowed amount. While leveraging adds a layer of risk, it also opens up exciting opportunities for higher returns. This strategy can be a game-changer for those looking to maximize their investment potential. 💬 What do you think? Would you consider leveraging your TFSA for greater gains? Share your thoughts and let’s discuss! 💬👇 #InvestmentStrategy #TFSA #FinancialPlanning #Leveraging #CanadaFinance #SmartInvesting

💡 In 2024, the TFSA contribution limit is $7,000! 💸 A Tax-Free Savings Account (TFSA) allows your investments to grow tax-free, making it a powerful tool for building wealth! 🚀 Don't miss out on this year’s contribution room, invest now and let your money work for you! 💼📈 #TFSA #WealthBuilding #TaxFreeSavings #InvestSmart #FinancialFreedom #MoneyGoals

Maximize Your Savings with a TFSA! Did you know that small deposits into your TFSA can grow significantly over time? 🌱 Whether you're saving for a dream vacation, a down payment on a home, or simply building a financial safety net, a Tax-Free Savings Account (TFSA) offers incredible benefits. Invest smartly and watch your savings flourish without the burden of taxes. The sooner you start, the more you benefit! 🔹 Tax-Free Growth: All gains are completely tax-free. 🔹 Flexible Contributions: Withdraw funds anytime without penalties. 🔹 Versatile Savings: Use it for various financial goals. Ready to take charge of your financial future? Start your TFSA journey today and see the difference small, consistent deposits can make. #TFSABenefits #SmartSavings Feel free to email me if you have any questions. Let's grow your wealth together! brenault@liahona.ca #BMR #BrandonRenault #GrowYourWealth #TFSA #TFSAAccount

💡 Small investments, big returns! Meet my client, who decided to put her TFSA to work with $8,000 in June. Today, just a few months later, her investment has grown to $8,560—showing over 7% growth already! Did you know? 📊 Over 40% of Canadians don’t fully maximize their TFSA contributions, missing out on this incredible wealth-building opportunity. With a TFSA, your gains are tax-free, which can make a huge difference over time! Remember, the small steps you take today can build a strong financial future. Ready to see what your money can do? Let’s talk! 🚀💼 #TFSA #FinancialFreedom #WealthBuilding #InvestInYourFuture

Unlock the Power of a TFSA A Tax-Free Savings Account (TFSA) is a game-changer for building wealth. Here’s why: 1. Tax-Free Growth: Investment income earned in a TFSA grows tax-free, boosting your savings faster. 2. Flexibility: Withdraw funds anytime, for any reason, with no penalties. Withdrawn amounts are added back to your contribution room the following year. 3. Generous Limits: Lifetime contribution room is $102,000 (for those eligible since 2009). 4. Diverse Options: Hold cash, stocks, ETFs, mutual funds, and more to suit your goals. 5. Wealth-Building Partner: Use a TFSA alongside RRSPs for tax-efficient short- and long-term planning. Maximize your TFSA to achieve your financial goals. Have questions? Let’s connect! #TFSA #TaxFreeSavings #FinancialFreedom #WealthManagement #SavingsGoals #FinancialPlanning #RetirementPlanning #InvestSmart #TaxEfficiency #PersonalFinance #MoneyMatters

Maximize your savings potential with #SavenFinancial’s 4.20% #FHSA. Combine competitive interest rates with tax-advantaged growth for a winning strategy. ▶️ https://lnkd.in/g_kXVHsy