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What will you learn about?

The course consists of five lessons that include:

  • Applying the basic rules of TFSAs
  • Contributions, Qualifying Investments and Penalties
  • Transfers, Tax Deductions and Other Rules
  • TFSA Suitability and a Comparison with RRSPs
  • Income Splitting and Other Benefits

The course also includes 5 Learning Activities.

What is the course syllabus?

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Lesson 1: Applying the Basic Rules of TFSAs

Topics covered in this chapter are:

  • The Basic Rules
  • The Parties to a TFSA
  • What Qualifies as a TFSA?

Lesson 2: Contributions, Qualifying Investments and Penalties

Topics covered in this chapter are:

  • Calculating Contribution Room
  • Excess Contributions
  • What Can You Put in a TFSA?
  • Penalty Taxes on Investments

Lesson 3: Transfers, Tax Deductions and Other Rules

Topics covered in this chapter are:

  • Transfers Between TFSAs
  • Tax Deductions and Capital Gains and Losses
  • TFSAs and Non-Residents
  • When a TFSA Ceases to be a TFSA
  • When the Holder of a TFSA Dies

Lesson 4: TFSA Suitability and Comparison with RRSPs

Topics covered in this chapter are:

  • The Suitability of Investing in a TFSA
  • Comparing RRSPs and TFSAs
  • Which is Best for Retirement?
  • Having Both an RRSP and a TFSA

Lesson 5: Income Splitting and Other Benefits

Topics covered in this chapter are:

  • Income Splitting
  • TFSAs and Government Benefit Clawbacks
  • What Types of Investments Should a TFSA Hold?
  • How Much Money can Accumulate Tax-Free Within a TFSA?