Tax Free Savings Accounts Etobicoke, Burlington, Ontario

[vc_row isfullwidth=”0″ css=”.vc_custom_1580872015612{background-image: url(http://themegavias.com/wp/enzio/wp-contenthttp://www.rairupinder.ca/wp-content/uploads/2018/07/bg-11.jpg?id=3011) !important;background-position: 0 0 !important;background-repeat: repeat !important;}”][vc_column width=”7/12″ css=”.vc_custom_1531209569714{padding-top: 20px !important;}”][vc_row_inner][vc_column_inner][gva_quotes_rotator items=”%5B%7B%22content%22%3A%22Are%20you%20looking%20for%20a%20way%20to%20grow%20your%20wealth%20without%20being%20subjected%20to%20the%20harshness%20of%20taxes%3F%20Tax%20Free%20Savings%20Accounts%20(TFSAs)%20may%20be%20the%20answer.%20Read%20on%20to%20find%20out%20what%20TFSAs%20are%2C%20how%20they%20work%2C%20and%20why%20they%20could%20help%20you%20reach%20your%20financial%20goals%20faster!%22%2C%22link%22%3A%22%23%22%7D%5D” max_width=”580px” min_height=”260px”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Smooth documentation” icon=”gv-icon-1015″ description=”All the paperwork would be taken care of by Rupinder Rai and her team. You just have to submit the necessary documents, that’s it!” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Friendly team” icon=”gv-icon-442″ description=”We have a friendly team who can oversee the entire process so it can be done quickly, resolve any queries you might have and help you get the policy issued by the Canadian government.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Emergency expenses” icon=”gv-icon-433″ description=”You don’t need to worry about them, any type of emergency expenses during your parents/grandparent’s stay would be covered in the policy.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Tailored plans” icon=”gv-icon-1011″ description=”Discuss your policy requirements with Rupinder Rai and she can tailor a plan which will meet all your needs.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”5/12″ el_class=”contact-form-full” el_id=”form”][gva_block_heading title=”Send Us A Message Now” style=”style-2″ align=”align-left”]

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[/vc_column][/vc_row][vc_row content_placement=”middle” css=”.vc_custom_1688626735050{background-color: #f5f5f5 !important;}”][vc_column][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_column_text]A Tax-Free Savings Account Etobicoke (TFSA) is a savings account not subject to tax. The interest earned on the account and any withdrawals are not taxed. This makes it an attractive option for those who want to save for their future. There are two types of TFSA:

  •  Registered Retirement Savings Plan (RRSP)
  • Tax-Free Savings Account (TFSA).

The RRSP is a retirement savings plan that allows you to set aside money for retirement. The TFSA is a savings account you can use to save for anything you want.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”7285″ img_size=”full”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875493727{background-color: #ffffff !important;}”][vc_column][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”7287″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][gva_block_heading title=”Advantages of Using a TFSA” align=”align-left”][vc_column_text]There are many advantages of using a TFSA to save for your future. Perhaps the most significant advantage is that all of the money you contribute and all of the earnings on your investments grow tax-free. This means you can take advantage of compound growth to reach your financial goals even faster.

Another great benefit of using a TFSA Burlington is having flexible access to your money. You can withdraw funds at any time, without penalty, and use them for any purpose. This makes a TFSA an ideal savings vehicle for unexpected expenses or opportunities that come up in life.

Finally, TFSAs offer estate planning benefits. Because the account is in your name, it can be passed on to your spouse or other beneficiaries upon your death. This can help reduce the overall tax burden on your estate and ensure that more of your hard-earned savings go to the people you care about most.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875756401{background-color: #f5f5f5 !important;}”][vc_column][gva_block_heading title=”Common Mistakes to Avoid When Using a TFSA”][vc_column_text el_class=”t-align”]When using a TFSA, there are a few common mistakes that can trip people up and prevent them from reaching their financial goals as quickly as possible. Here are four of the most common mistakes to avoid when using a TFSA:[/vc_column_text][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_column_text]1. Overcontributing

The annual contribution limit for a TFSA is $6000 (for 2020), so it’s essential not to over- contribute your account. If you do over-contribute, you’ll be charged a penalty of 1% per month on the excess amount until you withdraw it.

2. Withdrawing Before You’re Eligible

If you withdraw funds from your TFSA before you turn 18 or before the account has been open for at least one year, you’ll be subject to taxes and penalties. So, it’s essential to ensure you only withdraw money from your TFSA when you’re eligible.

3. Not Saving Enough

One of the biggest mistakes people make with their TFSAs is not saving enough money into them. The beauty of a TFSA is that even small contributions can grow into sizable amounts over time, thanks to compound interest. So, don’t underestimate the power of regularly contributing even small amounts of money to your TFSA.

4. Investing Too Conservatively

While it’s important to avoid taking too[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”7286″ img_size=”full”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875765139{background-color: #f5f5f5 !important;}”][vc_column][vc_column_text]

Why Super Visa Insurance Mississauga is worthy?
Schedule and appointment with Rupinder Rai today for Super Visa Insurance in Mississauga.
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[/vc_column_text][/vc_column][/vc_row][vc_row fullwidth=”0″ css=”.vc_custom_1580875628169{margin-top: -40px !important;}”][vc_column][gva_block_heading title=”What Our Customers Say” style=”style-2″ subtitle=”Tesimonials”][vc_column_text][trustindex no-registration=google][/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1660236547355{margin-top: -40px !important;}”][vc_column][gva_block_heading title=”Super Visa Insurance” style=”style-2″ subtitle=”FAQs”][vc_tta_accordion][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Should I hire an insurance broker in Brampton for Super Visa Insurance?” tab_id=”1660235979145-ecbee8b4-6125″][vc_column_text]There are several benefits of hiring an insurance broker for your super visa insurance; some of them are:

    • They can help you customize the insurance policy
    • You can benefit from a lower premium rate
    • There will be more than one plan for you to choose from

So, hiring a broker can make your life easy when choosing a Super Visa Insurance in Brampton, but in the end, it will be up to you if you want to hire one.[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Can I add pre-existing medical conditions to my super visa insurance?” tab_id=”1660235979167-b189e036-f7d2″][vc_column_text]You can ask your insurance broker to add all pre-existing medical conditions to the contract. If you do this, you will have coverage for these conditions during your stay in Canada?[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Can I pay for my Super Visa Insurance on a monthly basis?” tab_id=”1660236168893-113c1e5c-6bc1″][vc_column_text]

There are monthly payment options available for Super Visa Insurance, as well as bi-annual options. You can speak with us to know more about the super visa insurance in Brampton.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”If there is no claim made, can I get a refund on my premium?” tab_id=”1660236218808-7937a06f-26f5″][vc_column_text]

If there are no claims made on your Super Visa Insurance during your stay in Canada, you will be eligible for a partial refund on your insurance premium. Speak with your insurance broker for further details.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Why can’t I opt for a domestic insurance company?” tab_id=”1660236248137-8a57d60a-7a87″][vc_column_text]

When you are staying in Canada, there is a chance that your domestic insurance company will not be recognized by medical care centers or hospitals here. Additionally, Canadian hospitals know how payment transactions work with reputable insurance companies. That’s why you should choose a Canadian insurance company for your Super Visa Insurance. Also, it is mandatory, and not doing so might lead to the rejection of your visa application.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”What if I want to cancel my Super Visa Insurance?” tab_id=”1660236295999-b5106839-585d”][vc_column_text]

In the situation your parent or grandparent is not visiting Canada, you will have the option to cancel this policy. In doing so, only the application processing fee will be deducted, and you will get a full refund on the balance amount.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”What is a deductible in Super Visa Insurance?” tab_id=”1660236317979-3325ae6a-2106″][vc_column_text]

The deductible is the amount you pay yourself for any required medical services before the insurance company. If you add a deductible option, that means you agree to cover some expenses yourself. This amount would be of your choosing.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”What are the medical conditions covered under Super Visa Insurance?” tab_id=”1660236380211-a5764554-ceb8″][vc_column_text]Several medical conditions and treatments come under coverage with Super Visa Insurance. These are:

  • Accidents
  • Emergency room visits
  • Surgery
  • Hospital stays
  • Nursing services
  • Dental care
  • Emergency room visits and more.

[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row][vc_row row_space=”remove_padding” css=”.vc_custom_1580875677464{margin-top: 30px !important;margin-bottom: 50px !important;}”][vc_column][gva_block_heading title=”Blog” icon=”gv-icon-619″ subtitle=”NEWS” desc=”Learn more about the services we offer”][gva_blogs_carousel items_lg=”3″ items_md=”3″ items_sm=”2″ items_xs=”2″ ca_pagination=”0″ show_excerpt=”true” loop=”size:4|order_by:date|post_type:post”][/vc_column][/vc_row]