Sentences with phrase «tfsa as a downpayment»

For example, if you're in the 30 % tax bracket and were able to save $ 17.5 k in your TFSA as a downpayment for a house, you could instead have put the $ 25k you made (and were taxed on before putting the funds in your TFSA) in an RRSP pre-tax, and then used the full $ 25k for your downpayment.

Not exact matches

Take Ben Feferman, for example, a 33 year - old app developer, who opened his TFSA the first year it was available and views it as a investment vehicle to fund his downpayment or retirement.
But just as likely is the case where the downpayment is a laser - focus so there is nothing to put in the TFSA aside from that.
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