Quote:
Originally Posted by Rainger99
What have interest rates been in Canada the past 10 years??
If you can only invest $6000, even at 5% interest (haven’t seen that high a rate in years), you would only get $300.
And is that just interest that is tax free or is it capital gains and dividends?
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Canada's interest rates are very similar to US. ALL interest accrued in whichever way you choose (including dividends and capital gains) are tax free in a TFSA. $6000 a year can add up and make a difference, but we also have RRSP vehicles that are a tax deductible vehicle. Google it for more info if you wish.