Tax Free Savings Account

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.

Lost in all of the noise of 2008 is the introduction of perhaps one of the best financial tools investors have seen in a long time, the Tax Free Savings Account. TFSAs are very attractive, for retirement saving, for education funding, and for estate planning, and every Canadian investor should set one up in 2009. They are simple, flexible, and will make a significant impact on the your ability to accumulate wealth. Over the next few months, you will hear a great deal of advertiing around these plans, and you really should consider setting one up, especially after the challenging year we have had.

Do you want to discuss your alternatives?

For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260. This program is for information purposes only. Fees, management fees, and commissions may be associated with mutual fund investing. Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital Inc, member CIPF