Review of 'The Ultimate TFSA Guide: Strategies For Building A Tax-free Fortune' on 'Goodreads'
1 star
this topic did not deserve a full book. it could have easily been covered in a pamplet. the author gives a speil about how the conservatives came around to introducing the TFSA and how few canadians are properly taking advantage of it. but then he does his own comparision of this product vs RESPs for education savings and finds RESPs yield a higher rate. same thing when he does a comparison with saving for house using RRSPs - RRSPs are better. and RRSPs are better if you'll be in a lower tax bracket in the future, when you take out the cash. so really, didn't he just explain WHY so many people are not using TFSAs yet? they are choosing superior paths dependant upon their goal.
oh, and the author continually uses 4 or 5% as the annual growth of a TFSA - ha! more like 1-2%