TFSA Simplified for Beginners | Investing Tax Free | Mistakes to Avoid

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  • เผยแพร่เมื่อ 6 ก.ย. 2024
  • TFSA Simplified for Beginners | Investing Tax Free | Mistakes to Avoid
    In this video, we will be going through all things you need to know about TFSA and investing tax-free.
    Thank you so much for watching !!!
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    #canadianinvesting #TFSA #FinancialTalks #Taxfreeinvesting #CRA #CanadianTaxGuide #Internationalstudents #Invest #InvestinginHindi #StudentsTFSA #TFSAinHindi #FinancialTalksCanada #SandyTalksCanada
    Disclaimer: I am not a financial advisor. The contents on this channel are for informational and entertainment purposes only!!

ความคิดเห็น • 108

  • @Brar00013
    @Brar00013 3 ปีที่แล้ว +8

    M proud f u sis 😍🙏🏻☺️

  • @beunique6974
    @beunique6974 3 ปีที่แล้ว +5

    This channel is 200% fit example why our community dont like education videos....trust me ...i watched 100 of investors who give their suggestion what to do how to do....but nobody tell what she tell in just 10 mints.....didi ....really really 🙏

    • @beunique6974
      @beunique6974 3 ปีที่แล้ว

      I think i write wrong...basically my mean is this is most under-rated channel from punjabi investors channel.

  • @khawarraza8064
    @khawarraza8064 ปีที่แล้ว +4

    Sandy, your videos are best source of information for a newcomer like me. Keep it up, daughter! Love from a Pakistani uncle.

  • @dylanlalonde2127
    @dylanlalonde2127 21 วันที่ผ่านมา

    Good for you! Im dissapointed i have a hard time making out your accent but thanks for trying to explain! Mainly needed to know if deposits or withdrawals counts toward your yearly total max

  • @roop.kaur15
    @roop.kaur15 3 ปีที่แล้ว +3

    Chaa gye chotu.. much love and power to you 😘

  • @zulfizulfiqar9377
    @zulfizulfiqar9377 6 หลายเดือนก่อน +1

    Thank you sister for understanding me in simple language. Best wishes

  • @novelholic9088
    @novelholic9088 ปีที่แล้ว +1

    This is so so informative. I would love more videos regarding finance from you. You explain so well. I am following your advice only and coming to Canada in December

  • @imranshaik6735
    @imranshaik6735 2 ปีที่แล้ว +1

    Best video I have found on youtube to understand TFSA account, Awesome 🤩

    • @SandyTalksCanada
      @SandyTalksCanada  2 ปีที่แล้ว +1

      Best comment I read today ❤️❤️🙏i am glad it helped thank you so much

  • @canadianpunjabi907
    @canadianpunjabi907 3 หลายเดือนก่อน +1

    hi.. can i know do these working hours includes in sin ? as a student can i do as much as i want ??? and why they need sin… please answer sister❤

  • @lokpalsingh7414
    @lokpalsingh7414 17 วันที่ผ่านมา

    Should we open through any agent or wealth simple ? If I go through any agent then what agent will get benefits? Thanks

  • @isushiman
    @isushiman 6 หลายเดือนก่อน

    Hi sister
    Nice explanation
    You did mentioned about dividend gains in Tfsa
    Like let’s say
    Our limit for tfsa is 10k
    In that year , we earned 15k so that 5k is capital gain and nothing happen to our contribution limit which is fine
    What if we loose like
    Out of 10k limit
    We loose due to bad stock and in that same year we have like 3k only
    So what will happen to contribution room ?

  • @brigadierbrigadier6356
    @brigadierbrigadier6356 5 หลายเดือนก่อน +1

    Kitni awesome hai yaar ❤❤❤❤❤so cute ❤❤

  • @Footballrules884
    @Footballrules884 3 ปีที่แล้ว +2

    Heard your beautiful voice after so long .

  • @universe999
    @universe999 2 หลายเดือนก่อน +1

    Excellent

  • @arjun6leo
    @arjun6leo 3 ปีที่แล้ว +2

    Congrats and Well done Sandy..

  • @rajindersingh-hw1pv
    @rajindersingh-hw1pv ปีที่แล้ว +1

    Where do you find all this information and where one can learn and read all this information about taxes and financial stuff

  • @anmoljasyal3221
    @anmoljasyal3221 3 ปีที่แล้ว +2

    Mam your content is very appreciative

  • @RidhiSethi
    @RidhiSethi ปีที่แล้ว +2

    Great video!!
    One question: What if I want to trade in Indian stocks , is there any app for that? Or can I operate using my sibling's demat account who is staying in India, how to I avoid taxes on it ?
    I'm new to investing and this video cleared so many doubts, thank you :)

    • @RanjeetSingh-zb5ww
      @RanjeetSingh-zb5ww ปีที่แล้ว

      Aap cousion ka account use kr skte ho mai v aisa hi krta hu canada me Zerodha use krta hu

  • @manpreetsidana18
    @manpreetsidana18 3 ปีที่แล้ว +2

    Great job Sandy!!

  • @gunjan3829
    @gunjan3829 ปีที่แล้ว +1

    So informative. Thank you so much❤️

  • @NayemMahmood
    @NayemMahmood หลายเดือนก่อน

    Can I have TFSA and FHSA at the same time and can I contribute at both the accounts at the same time ? Can I also withdraw from these 2accounts at the same time when buying a home ?

  • @khushislays2305
    @khushislays2305 4 หลายเดือนก่อน +1

    These are real influencers ❤ proud of you sis🤍

  • @jatinbrother5850
    @jatinbrother5850 2 ปีที่แล้ว +1

    I dont know didi abhi subscribers itne km kyu h aisa content muje nhi milrha yhaan pr aap bhot information laarhe ho i am pretty sure yh channel bhot bda bnne wala h soon ! M b bnaane wala hu channel and saara yhi financial student life dikhaunga 😉 u gotaa interview me soon lol

  • @proresume8
    @proresume8 3 ปีที่แล้ว +2

    valuable information. keep it up buddy 👍🏻

  • @jashansingh-sj8rr
    @jashansingh-sj8rr 3 ปีที่แล้ว +2

    Thats some good stuff to know sis. Thanks

  • @ririraman7
    @ririraman7 ปีที่แล้ว

    You are simply awesome, thank you very much Sandy

  • @manashsingh6550
    @manashsingh6550 ปีที่แล้ว +1

    Sandy nice information by you

  • @samarthjoshi8037
    @samarthjoshi8037 3 หลายเดือนก่อน +1

    Superb❤

  • @chilledsam3025
    @chilledsam3025 7 หลายเดือนก่อน

    Can you explain 5:16 part with an example?

  • @lovepreet_25
    @lovepreet_25 2 ปีที่แล้ว +2

    Informative 👍🏻

  • @sahilkakkar8679
    @sahilkakkar8679 3 ปีที่แล้ว +3

    few questions...
    first thanks for this informative video.
    i dont have track of my usage of contribution limit but i am sure i didnt over do.is there any way i can keep track? or do CRA have a track of limit being used?
    and other question
    for example
    i came in 2018 and my contribution limit upto now in 23500$
    n i have roughly 18k in my acoount till date .if i withdraw 8k in december and cra give 6000$ for 2022
    what would be my total contribution limit for 2022?

    • @SandyTalksCanada
      @SandyTalksCanada  3 ปีที่แล้ว

      Thanks sure for limit you can check online in your cra, and then deduct this years contributions

    • @sahilkakkar8679
      @sahilkakkar8679 3 ปีที่แล้ว +1

      @@SandyTalksCanada okay no i am actually confused..so for exampld if you added 9000$ and with profit you made 14000$ and you withdraw $4000 and after a month you again add $4000..so how much i actually used my limt? my total contribution limit is 23500$.

    • @SandyTalksCanada
      @SandyTalksCanada  3 ปีที่แล้ว

      @@sahilkakkar8679 so cra would consider any deposit you make in a TFSA in a year . If you withdraw you can regain that limit next year only on 1st jan. But you are safe in this case because you have more contribution limit

    • @sahilkakkar8679
      @sahilkakkar8679 3 ปีที่แล้ว

      @@SandyTalksCanada oh okay..so basically i used 9000+4000 =13000 upto now right

    • @SandyTalksCanada
      @SandyTalksCanada  3 ปีที่แล้ว

      @@sahilkakkar8679 yes

  • @kanikamaheshwari9732
    @kanikamaheshwari9732 ปีที่แล้ว

    Hi Sandy loved ur this video as well as usual❤.
    Just a quick question, TFSA is a account with the bank we usually have savings and chequing account right? So, how can one have a TFSA with a virtual app like Wealthsimple?

  • @aishwaryasarda2957
    @aishwaryasarda2957 ปีที่แล้ว

    Thank you so much! well explained!

  • @preet6969
    @preet6969 3 ปีที่แล้ว +2

    Great. Good luck

  • @naturevedios31
    @naturevedios31 2 ปีที่แล้ว +1

    Beauty with brains

  • @d3b798
    @d3b798 8 หลายเดือนก่อน

    If I want to buy stocks from indian market then how can i do that?

  • @sarabjeetsingh576
    @sarabjeetsingh576 3 ปีที่แล้ว

    very useful information..thank u so much 🙏🙏👍

  • @aashishsun1983
    @aashishsun1983 ปีที่แล้ว

    Thankyou for clearing doubts

  • @hiccup108
    @hiccup108 8 หลายเดือนก่อน

    Can we buy bitcoins & crypto as an international students?

  • @pawanphotography6262
    @pawanphotography6262 4 หลายเดือนก่อน

    Ede vich resk free investment govt bonds a only

  • @devbasnet5043
    @devbasnet5043 8 หลายเดือนก่อน

    Hlo
    Didi mughye bhiee ye sikna hey
    Like how to invest in wealthsimple in canada so plz
    Can you teach the trading process

  • @gurmukhsingh666
    @gurmukhsingh666 3 ปีที่แล้ว +3

    Thnku sis

  • @ravinderkaur6950
    @ravinderkaur6950 3 ปีที่แล้ว +1

    Good informat

  • @nimishshinghal6582
    @nimishshinghal6582 ปีที่แล้ว +1

    Thank you 🙏 atleast you are not talking in Punjabi, so that me b samaj paya

  • @RajinderKumar-nj8hx
    @RajinderKumar-nj8hx 5 หลายเดือนก่อน

    Mam super visa in canada kya main stock market me invest kar skta hoon please answer

  • @akashdeepsingh2562
    @akashdeepsingh2562 2 ปีที่แล้ว +1

    Is TFSA account only opens Canadian’s resident?

    • @SandyTalksCanada
      @SandyTalksCanada  2 ปีที่แล้ว

      No anyone on valid study, work status can open too in addition to the PR and citizenship holders

  • @beunique6974
    @beunique6974 3 ปีที่แล้ว +1

    Didi can i able to open different rrsp accounts or only one because my employer contribute to rrsp but i need to open account with insurance company that have tie up with company where stock investing option is not available.

    • @SandyTalksCanada
      @SandyTalksCanada  3 ปีที่แล้ว

      you can open any number of RRSP accounts but stick to your RRSP contribution limit.

  • @abhishekpundir5205
    @abhishekpundir5205 ปีที่แล้ว +1

    Grt video

  • @Simple_writings
    @Simple_writings 2 หลายเดือนก่อน

    Can’t we withdraw and deposit back and forth as we do in normal accounts?

    • @SandyTalksCanada
      @SandyTalksCanada  2 หลายเดือนก่อน

      You can only deposit back if you have the extra limit, if you already used all your contribution room then you have to wait for the Jan 1 next year.

  • @falTuvlogs774
    @falTuvlogs774 8 หลายเดือนก่อน

    hey,
    my question is, can i deposit into TFSA at the end of the year and will that deposit still count as tax free

  • @Emm_Ess
    @Emm_Ess 5 หลายเดือนก่อน

    Can we do day trading buy sell in TFSA account ?

  • @prasaad396
    @prasaad396 ปีที่แล้ว

    Mam in video i think u sed kahi aap intraday to nahi kar rahe ....so can an indian do intraday in canadian equity shares while being in canada. pl advice thnx

  • @rubalpreetsinghgill2917
    @rubalpreetsinghgill2917 3 ปีที่แล้ว +1

    Best investment vehicle in TFSA is Segregated funds. 😎

  • @rajanveersingh4423
    @rajanveersingh4423 ปีที่แล้ว

    madam ji sanu bujja nu v samjh agya ji sirra laata ji

  • @rakshitsaini7128
    @rakshitsaini7128 ปีที่แล้ว

    Kya is me criptocurrency bhi buy Kar sakte hai

  • @beunique6974
    @beunique6974 2 ปีที่แล้ว

    Hii didi .....if i hold candian stock with divided ...will i need to pay with holding tax...2)if i hold stock like tesla which dont pay any divide in tfsa ...will i need to pay with hold tax on tesla or any usa stock who dont pay any dividends

    • @SandyTalksCanada
      @SandyTalksCanada  2 ปีที่แล้ว +1

      There is no withholding taxes on Canadian dividend stocks in TFSA.
      2) For Tesla, there is no withholding taxes.

    • @beunique6974
      @beunique6974 2 ปีที่แล้ว

      @@SandyTalksCanada thanku so much🙏

    • @RanjeetSingh-zb5ww
      @RanjeetSingh-zb5ww ปีที่แล้ว

      Pls rply bro tsfa wealth simple me
      Hum stocks sell and buy actively kr skte hai ?
      Means Aj buy Kia 2-4 days baad sell kr dia aisa kr skte hai ?
      Agr Nhi kr skte to minimum kitne time baad sell krna chahie

  • @hardeepsinghdhillon3970
    @hardeepsinghdhillon3970 4 หลายเดือนก่อน

    Hlo mam pls tell me if my work permit is expiring so then what I need to do withdraw my money to continue with it. Is this legal or not
    Pls must reply

  • @gurwindermanes3502
    @gurwindermanes3502 10 หลายเดือนก่อน

    Hlo sandy S&P 500 american hai ya canadian ????? Please answer

  • @mr.relax1981
    @mr.relax1981 ปีที่แล้ว

    Hi sis, my new in canada and new to investment, need a guidance on wealthsimple app, as I have downloaded. So need for guidance on how to invest Tru it.

    • @ourjourneytogether3500
      @ourjourneytogether3500 ปีที่แล้ว

      Wealthsimple app is simple and easy. Also you can call there Help desk and that is best way.
      All about TFSA > th-cam.com/video/4K8zoAPHpPk/w-d-xo.html

  • @komalsekhon8787
    @komalsekhon8787 ปีที่แล้ว

    Is it must to buy stocks ,ETF etc...or we can just save money here in TFSA ?

    • @ourjourneytogether3500
      @ourjourneytogether3500 ปีที่แล้ว

      Saving is good but it wont help to beat inflation and value of money goes down. Recommend to buy safe product like GIC etc.
      All about TFSA > th-cam.com/video/4K8zoAPHpPk/w-d-xo.html

  • @RanjeetSingh-zb5ww
    @RanjeetSingh-zb5ww ปีที่แล้ว

    Pls rply Mam tsfa wealth simple me
    Hun stocks sell and buy actively kr skte hai ?
    Means Aj buy Kia 2-4 days baad sell kr dia aisa kr skte hai ?
    Agr Nhi kr skte to minimum kitne time baad sell krna chahie

    • @SandyTalksCanada
      @SandyTalksCanada  ปีที่แล้ว +1

      Frequency is not defined by CRA but these accounts are meant for investing not active trading I would say.

    • @RanjeetSingh-zb5ww
      @RanjeetSingh-zb5ww ปีที่แล้ว

      @@SandyTalksCanada can we call them and ask them k kitne time baad sell kr skte hai ?

    • @jasleen06
      @jasleen06 9 หลายเดือนก่อน

      @@RanjeetSingh-zb5wwdid you get to know about this? If yes tell me

  • @balpreetkaur4288
    @balpreetkaur4288 2 ปีที่แล้ว +1

    where to open tfsa account

    • @SandyTalksCanada
      @SandyTalksCanada  2 ปีที่แล้ว

      Start with WEALTHSIMPLE link is in description you will 2 free stocks as well it’s a limited time offer.

    • @balpreetkaur4288
      @balpreetkaur4288 2 ปีที่แล้ว

      can you please tell how much interst wealth simple gives us

    • @RanjeetSingh-zb5ww
      @RanjeetSingh-zb5ww ปีที่แล้ว

      0

  • @HarpreetKaur-ln6xw
    @HarpreetKaur-ln6xw ปีที่แล้ว

    6000 ik bar e deposit kar sakta hai ja fir every month 500 can do plz

  • @akashanuragi5602
    @akashanuragi5602 ปีที่แล้ว

    👍👍🙏😯

  • @HarpreetKaur-ln6xw
    @HarpreetKaur-ln6xw ปีที่แล้ว

    Main Canada 2021 ma ayi thi main 12000 deposit kar sakdi Ho

    • @ourjourneytogether3500
      @ourjourneytogether3500 ปีที่แล้ว

      You can invest 6000 + 6000 for year 2021 and year 2022, for year 2023 you can deposit 6500. So you can invest 12000. Also recommend to check with Bank when you open the account.
      All about TFSA > th-cam.com/video/4K8zoAPHpPk/w-d-xo.html

    • @RanjeetSingh-zb5ww
      @RanjeetSingh-zb5ww ปีที่แล้ว

      Yes