{"id":49379,"date":"2015-05-14T14:33:47","date_gmt":"2015-05-14T06:33:47","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=49379"},"modified":"2015-05-14T14:33:47","modified_gmt":"2015-05-14T06:33:47","slug":"six-things-you-should-know-about-tfsas","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/05\/14\/six-things-you-should-know-about-tfsas\/","title":{"rendered":"Six things you should know about TFSAs"},"content":{"rendered":"<p><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/woman-withdraw-ATM-money.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-49382\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/woman-withdraw-ATM-money.jpg\" alt=\"woman withdraw ATM money\" width=\"2650\" height=\"1767\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/woman-withdraw-ATM-money.jpg 2650w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/woman-withdraw-ATM-money-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/woman-withdraw-ATM-money-1024x683.jpg 1024w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/woman-withdraw-ATM-money-900x600.jpg 900w\" sizes=\"auto, (max-width: 2650px) 100vw, 2650px\" \/><\/a><\/p>\n<p>Ottawa &#8212; The Tax Free Savings Account (TFSA) is a great savings option for people in all income brackets. Economic Action Plan 2015 has proposed to increase the annual contribution limit from $5,500 to $10,000, starting in 2015 to put more money back in the pockets of Canadian families.<\/p>\n<p>Here are six things you need to know about the TFSA:<\/p>\n<p>1. More than 10.7 million Canadians have TFSAs;<\/p>\n<p>2. Any investment income earned in a TFSA is tax-free;<\/p>\n<p>3. Withdrawals from a TFSA are tax-free and available at any time;<\/p>\n<p>4. More than 50 percent of TFSA users are seniors;<\/p>\n<p>5. Sixty percent of TFSA users earn less than $60,000 a year;<\/p>\n<p>6. Any amount up to $10,000 can be deposited per year into a TFSA.<\/p>\n<p>So, whether you want to save for school textbooks or a down payment on a house, the TFSA will help you and Canadians from all walks of life save.<\/p>\n<p><em>Article and photo courtesy of <a href=\"http:\/\/www.daily.pm.gc.ca\">24-SEVEN<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ottawa &#8212; The Tax Free Savings Account (TFSA) is a great savings option for people in all income brackets. Economic &hellip;<\/p>\n","protected":false},"author":44,"featured_media":49382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19,18],"tags":[],"class_list":["post-49379","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","category-news-ca","mauthors-24-seven"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/49379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=49379"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/49379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/49382"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=49379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=49379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=49379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}