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Jamali Financials Inc Investment:
TFSA is another alternative investment for short-term or long-term objectives and the advantage of this kind of investment is that the growth on the investment is not taxable, based on where it is invested.
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Did You Know?
Did you know the growth in TFSA investment could be taxable if it is No-Qualifies or Prohibited Investment***?
Tax payable on non-qualified investments
If, in a calendar year, a trust governed by a TFSA acquires property that was a non-qualified investment or if previously acquired property becomes non-qualified, there are consequences in terms of reporting requirements and tax payable on the part of the TFSA trust as well as the holder of the TFSA.
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When you want answers you start online. The world of apps and bots, data and algorithms. But for all the stats and fast facts, you won’t find the answers to life’s big questions. That comes when you connect with real people.
At Jamali Financials Inc
From market shifts to major life milestones, we will meet you where you are – in just the way you choose – and work with you to get where you want to go. That’s advice, your way.
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(843) 971-1906
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