TFSA Explained - EVERYTHING You Need to Know in 8 MINUTES

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In this video we'll explain everything you need to know about the TFSA (the Tax Free Savings Account). One of the best investing accounts for Canadians.

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Time Stamps:
0:00 Intro / why the Paper Bag?
1:06 What is a TFSA?
1:27 What can I hold in a TFSA?
1:36 Am I eligible for a TFSA?
1:44 What if I move to another country?
2:01 How much can I contribute?
3:20 What if I go over my limit?
4:01 Can I transfer money from one TFSA to another?
4:26 Can I hold US stocks in my TFSA?
4:49 Are TFSAs for short-term savings or for retirement?
5:02 Are contributions tax deductible?
5:09 How are TFSAs different from RRSPs?
5:31 Can I transfer money from an RRSP to a TFSA?
5:44 How is the "successor holder" different from the "beneficiary" of the TFSA?
6:25 After I die, will the money in my TFSA be taxable?
6:52 Can I open a joint TFSA?
7:08 Can I open a TFSA for my kids?
7:20 What happens to my TFSA if my marriage or common-law partnership breaks down?
7:39 How many accounts can I have?
7:47 What if I lose money in a TFSA?
7:57 How often can I trade in a TFSA?
8:24 How do I open a TFSA?

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CHANNEL INTRO (mission, investing approach, why the paper bag?, face reveal):

MY INVESTING STORY:
I am from a mechanical/manufacturing engineering background. began investing in 2009. Since then I've returned about a 29% CAGR (compound annual growth rate) with my investments. I hope to continue to meet or exceed this return over the next 10 years and help others do the same.

CHANNEL MISSION:
The mission of this channel is to uncover high conviction multiBAGger investments and share them with you.

MY INVESTING PHILOSOPHY:
Look at companies I can understand.
Do deep-dive research.
Look from many angles and perspectives.
Invest big in my deepest convictions.
And finally, stay unassuming

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[Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.]