I Maxed Out My TFSA! Now What? (Tax Free Savings Account)

Video Description

Yes, you read the title right - I have officially maxed out my tax free investment account (aka my TFSA)! I’ve been focused on contributing as much as I possible can into my TFSA for the past five years now - because I’m 27 years old, my total contribution room limit is $69,500. Did you know that only 4-5% of eligible Canadians have maxed out their TFSAs?! Our goal is to get as many people as possible taking advantage of this account, and hopefully sharing my story so far is helpful! So, in this video I'll cover why I wanted to focus on my TFSA first, what investment account(s) I'll be using next, and why. Check out this playlist next if you want to hear more about all of the different Canadian registered investment accounts - https://www.youtube.com/watch?v=BfDA-i_ldts&list=PLKJ23M0XCW3ywKzQi2RuL0dBYJTaoQ7Gh 0:00 I maxed out my Tax Free Investment Account! 1:37 Why did I want to max out my TFSA first? 2:57 How many people max out their TFSA? 4:32 What investment account will I use next? 6:59 What investment account will I focus on long-term? ➡️ Simplii Financial - Our No Fee Chequing Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65ad4fc7581176001cb7f1b2 ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/click?id=Xoa5MXyunCM&offerid=1115263.19&bids=1115263.19&type=3&subid=0 ➡️ Wealthsimple - Our High Interest Savings Account ($25 bonus) - https://wealthsimple.com/invite/WQJFTG ➡️ Wealthsimple Self-Directed Investing - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.com/invite/WQJFTG ➡️ Wealthsimple Managed Investing - Our Robo-Advisor Investment Platform ($25 bonus) - https://wealthsimple.com/invite/WQJFTG ➡️ American Express Cobalt - Our Travel Rewards Credit Card (up to 22,000 points) - https://americanexpress.com/en-ca/referral/cobalt?ref=sTEPHG6qb5&XLINK=MYCP ➡️ Neo Financial - Our Cash Back Credit Card - https://neo.cc/refer/N8U6K3S9 ➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://questrade.sjv.io/AWa9jo ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612d3fe6cb45d3001d5ece04 The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @stephandden ➡️ YouTube Filming Equipment - https://amzn.to/3HrWA4i ➡️ YouTube Editing Equipment - https://amzn.to/3RXBsri The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.