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A Huge Tax Break for Canadians

Author: Brad Howland
First Posted: Oct. 25, 2008

In 2009 the new Tax-Free Investment Savings Account will come into force in Canada, and what a great tax break it is! Here's the scoop from the Department of Finance.

ING Direct Promotion

The Canadian banks will start trumpeting these accounts soon. ING Direct already has a flashy site up at www.hugthetaxman.ca. It's quite fun to surf through, learn about TFSAs, and sign up for an account that will pay in essence 6% interest on $5,000 until the end of 2008.


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