Helping You Understand What It All Means!
Tax Free Saving Account
Mortgage Investment Corporation
Real Estate Investment Trust
Exempt Market Dealer
DRIP - Dividend Reinvestment Plan (Compound Return)
Interest earned on an investment and added to the amount of the investment. Future interest payments are then calculated at the original rate but on the increased total of the investment. In simple terms, interest paid on interest.
Frequently Asked Questions
Did You Know?
Each individual can contribute up to $5,500 into a Tax Free Savings Account each year.
TFSAs started in 2009 with $5,000 a year and in 2013 the annual allowance increased to $5,500. In 2014 you can therefore contribute $31,000 (if you haven't already used your TFSA allocation).
Most Exempt Market investments are TFSA eligible allowing you to receive superior returns tax free.