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Stock impact report

TFSA Pension: How to Earn $4,750 Per Year in Tax-Free Income [Yahoo! Finance Canada]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
Canadians planning for retirement can use their Tax-Free Savings Account (TFSA) to build portfolios of investments to generate streams of passive income that won't bump you into a higher tax bracket or put Old Age Security (OAS) payments at risk of a clawback. TFSA or RRSP? The Canadian government launched the TFSA in 2009 to give people another option for saving funds to meet financial goals. Until that time, most people used their Registered Retirement Savings Plan (RRSP) to build a personal retirement portfolio to go along with work pensions, Canada Pension Plan (CPP), and OAS. ADVERTISEMENT The RRSP is still a valuable option for savers, particularly when they find themselves in a high marginal tax bracket. RRSP contributions can be used to reduce taxable income for the relevant tax year. With a bit of careful planning, the idea is to withdraw RRSP funds in retirement when your marginal tax bracket is much lower. Money removed from the RRSP is taxed as income. Investors Show less Read more
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