TFSA: Spend or Invest Infographic
As we continue to work and live in these unusual times, our spending habits may be a little different. While clients may not be planning their holiday travel plans, many are spending more on home comforts.
The cost of weekly take-out for the family (for a year) or a new big screen TV adds up to about the same as the maximum TFSA contribution. What if instead of spending that amount this year, we make a one-time investment of $6,000? Over time, that single investment could add up enough to pay for two years of university tuition, or a new car!
Weekly take-out for the family for a year adds up about the same as the maximum TFSA contribution.
The impact of a one-time TFSA investment, over time, is significant. This infographic will help you start that conversation.
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- One of many infographics included in FreshPlan software
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