The Chu Forums

The government increased the yearly max for tax free savings accounts by $500. You can invest up to $5500/yr now

sweet. except i don't we ever put 5k into that account.
actually, i think we just have 5k in there lol.

i don't max it either, but i should.. i have enough sitting in my normal savings acct to do so... too lazy

yeah, we have a bunch in our normal savings account too, which we can move around on the website. but i think the tax free that winnie got is at a different bank, so to put money in there or take it out we have to go there in person or something.

and that sounds like a lot of work.

You have up to three years I think to backfill and max out. Don't be lazy Dunc. Do it

that sounds like a lot of money that i'd rather spend.

It's your money. How you use it is up to you at the end of the day.

more like up to the wife lol.

that doesn't seem right to me.
but maybe each bank is different?

I don't know.. I thought if followed the same rules as RRSP's and RESP's. I max out all of them every year so I'm not too sure.

it's diff rules than rrsp and resp. it's carried over indefinitely.

and i though rrsp room is carried over indefinitely as well?

TFSA - Indefinitely:

Item 4 -

http://www.google.ca/url?sa=t&rct=j&q=& ... 6WLB6xxdQg

RRSP - Sounds like 7 years:

Item 13

http://www.cra-arc.gc.ca/E/pub/tp/it124r6/it124r6-e.txt

man alive i'm glad my elcic pension kicks ass.
i hope the elcic survives until i retire lol.