Quote:
Originally Posted by linz06 
Have you opened a tax free savings account? I didn't know about them until looking over my banking with my financial person a couple of years ago. I decided to start Tax Free Savings and RRSPs. I have a certain amount that automatically comes off each pay check and goes into those accounts. It's nice because I don't actually see the money and deposit it myself, it's spoken for as soon as it's there. There is a maximum amount of $5,000 you can put into a TFSA each year, but you do make interest on the money and you don't pay taxes on it! So two years after opening mine, voila, I'm going to Europe in a couple of months and didn't even feel like I had to save for it!
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Yes, I've had it for 3 years and haven't been able to fill it yet, thank god it cumulates. I can now put $15,000 tax free, which makes me happy, it'll probably be another 4 years before I can actually get some money in there. lol