I have about $15000 for investment until I buy a car in about six months.
Should I put the money in a TFSA?
What type of investment is good for about six months?
Seeking investment advice within six months
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Re: Seeking investment advice within six months
Welcome to the forum, Raymond.
A TFSA is a good way to save for future intended purchases. You can look at our finiki article here.
Have you ever had a TFSA account before? There are contribution limits as well as rules about withdrawals.
TFSAs originally allowed you to contribute $5000 a year. If you didn't, you could carry over that annual amount, building contribution room.
What's your situation?
A TFSA is a good way to save for future intended purchases. You can look at our finiki article here.
Have you ever had a TFSA account before? There are contribution limits as well as rules about withdrawals.
TFSAs originally allowed you to contribute $5000 a year. If you didn't, you could carry over that annual amount, building contribution room.
What's your situation?
Wovon man nicht sprechen kann, darüber muß man schweigen — a wit
finiki, the Canadian financial wiki Your go-to guide for financial basics
finiki, the Canadian financial wiki Your go-to guide for financial basics