Financial Planning: Why a TFSA is Not a Good Strategy
  • Reads 3
  • Votes 0
  • Parts 1
  • Time <5 mins
  • Reads 3
  • Votes 0
  • Parts 1
  • Time <5 mins
Ongoing, First published Nov 16
Hi, my name is Taivi Tayler and I am a practicing Certified Financial Planner and wealth manager and I work with people all over the Province of Ontario. 



Want to know what drives me crazy about Tax-Free Savings Accounts?


It's when people underutilize them. If you're taking your investment advice from a company that happens to offer chequing accounts, they will encourage you to invest in a GIC or a HIGH-Interest Savings Account within your TFSA. 



UGH! I think that is the worst advice ever. 


Your TFSA should be poised to have meaningful capital growth through an investment portfolio strategy. If you want to grow your wealth, keep the GIC outside of the TFSA and have a high interest savings account for emergency stash cash purposes. Yes you'll pay a little bit of tax on earned interest, but frankly, that interest is going to be minuscule vs the capital growth potential from the right investment under the shelter of a tax-free savings account.



Contact us to find out how we can build you a portfolio that is right for you.


Plan, protect, and grow your wealth with Tayler Insurance & Estate Planning or learn more about our financial planning
All Rights Reserved
Sign up to add Financial Planning: Why a TFSA is Not a Good Strategy to your library and receive updates
or
#75barrie
Content Guidelines
You may also like
Book Transmigration: I Wanted to Keep a Low Profile, but Everyone Noticed Me! by Khushi_KK_20
200 parts Complete
(Book 1) Synopsis Audrey woke up and found that she had transmigrated into a book. As a mediocre actress, Audrey was satisfied with her income. Even though her parents favored boys over girls, at least she could support herself. Just when she had finally saved up some money and hadn't had a chance to enjoy it, she ended up in a different world?! She didn't know if it was God's mercy or compensation, but Audrey's role in the book was a wealthy heiress. In the book, her birth mother arranged for Audrey to be married into a wealthy family, and she had to compete with her other siblings for the family inheritance. The tragic outcome was predictable. Confused by the original character's actions, Audrey decided to lay low and become a wealthy but useless person. One day, Audrey's family members noticed that she had changed. Strangely enough, they could read her thoughts on her face. Even her second brother, who had always treated her like air, could see her sarcastic comments about him. [What's with that outfit today? Does he really think he looks good?] And when he was about to give up his directing career and return to the company, he could see the words on Audrey's face. [Why fight for power? Isn't it better to do what you love and still make money? You're so foolish.] Second brother: '...That makes sense.' The eldest sister, who had always ignored the subtitles on Audrey's face, finally noticed them one day. [Is she being foolish? Is it worth marrying for power? Doesn't she have enough money of her own?] After looking at her own wealth, the eldest sister quietly rejected the arranged marriage. Later on, Audrey noticed that her pocket money was increasing. As she gazed at the jewelry her second brother and eldest sister gave her, she fell into deep thought. THIS STORY IS NOT MINE!!!!! FOR OFFLINE PURPOSES ALL CREDITS TO THE AUTHOR AND TRANSLATOR. ... Book 1 (Completed) ✅ Book 2 (Ongoing)
 မင်းရဲ့အချစ်ပြိုင်ဘက်ကနေ့တိုင်းလှလှလာတယ်(Translation ) by mattymei
114 parts Ongoing
ကြီးမားတဲ့ပြောင်းလဲမှုတွေနဲ့ ပိုပြီးကြီးမားတဲ့လှည့်ကွက်တွေ ဇာတ်ကြောင်းတစ်ခုထဲက နောက်ထပ်ဇာတ်ကြောင်းတစ်ခု သူဟာပိုပြီးလှလာဖို့ ပိုပြီးဆွဲဆောင်မှုရှိလာဖို့ နည်းလမ်းကိုရှာတွေ့သွားပြီ ရှန်ကျင်းထျန်ဟာ သူဖတ်နေတဲ့စာအုပ်ထဲကိုကူးပြောင်းသွားဖို့ ကူညီပေးတဲ့systemတစ်ခုရဲ့အကူအညီကိုရရှိခဲ့တယ် သူလုပ်ဆောင်ရမဲ့တာဝန်တွေကိုပြီးမြောက်တာနဲ့ သူကသူ့ရဲ့အနာဂတ်လမ်းမှာပိုချော ပိုလှ ပိုပြီးဆွဲဆောင်မှုရှိလာလိမ့်မယ် သူ့ရဲ့ပထမဆုံးတာဝန်::အမျိုးသားဇာတ်လိုက်ရဲ့နောက်ယောင်ခံသူလုပ်နေတာရပ်လိုက်တော့ အဲ့ဒီအစား အချစ်ပြိုင်ဘက်လုပ်ပြီး သူရည်ရွယ်ထားတဲ့သူကိုခိုးလိုက်တော့ Chapters: :191+41side stories
You may also like
Slide 1 of 9
Book Transmigration: I Wanted to Keep a Low Profile, but Everyone Noticed Me! cover
❝𝐅𝐄𝐌𝐈𝐍𝐈𝐍𝐈𝐓𝐘 ❞ ʙʟᴜᴇ ʟᴏᴄᴋ ᴄʜᴀᴛғɪᴛ cover
 မင်းရဲ့အချစ်ပြိုင်ဘက်ကနေ့တိုင်းလှလှလာတယ်(Translation ) cover
Правда или действие cover
[1] The Crown Prince Is An Idol Part 1  cover
The Mother of the Villain ✓ cover
How To Be The Best Third Wheel cover
𝐒𝐎𝐌𝐄𝐓𝐇𝐈𝐍𝐆 𝐒𝐓𝐔𝐏𝐈𝐃 | ᴇʀɪᴄ ᴍᴀᴛᴛʜᴇᴡs cover
The Writer's Assistant (ManxMan) cover

Book Transmigration: I Wanted to Keep a Low Profile, but Everyone Noticed Me!

200 parts Complete

(Book 1) Synopsis Audrey woke up and found that she had transmigrated into a book. As a mediocre actress, Audrey was satisfied with her income. Even though her parents favored boys over girls, at least she could support herself. Just when she had finally saved up some money and hadn't had a chance to enjoy it, she ended up in a different world?! She didn't know if it was God's mercy or compensation, but Audrey's role in the book was a wealthy heiress. In the book, her birth mother arranged for Audrey to be married into a wealthy family, and she had to compete with her other siblings for the family inheritance. The tragic outcome was predictable. Confused by the original character's actions, Audrey decided to lay low and become a wealthy but useless person. One day, Audrey's family members noticed that she had changed. Strangely enough, they could read her thoughts on her face. Even her second brother, who had always treated her like air, could see her sarcastic comments about him. [What's with that outfit today? Does he really think he looks good?] And when he was about to give up his directing career and return to the company, he could see the words on Audrey's face. [Why fight for power? Isn't it better to do what you love and still make money? You're so foolish.] Second brother: '...That makes sense.' The eldest sister, who had always ignored the subtitles on Audrey's face, finally noticed them one day. [Is she being foolish? Is it worth marrying for power? Doesn't she have enough money of her own?] After looking at her own wealth, the eldest sister quietly rejected the arranged marriage. Later on, Audrey noticed that her pocket money was increasing. As she gazed at the jewelry her second brother and eldest sister gave her, she fell into deep thought. THIS STORY IS NOT MINE!!!!! FOR OFFLINE PURPOSES ALL CREDITS TO THE AUTHOR AND TRANSLATOR. ... Book 1 (Completed) ✅ Book 2 (Ongoing)