Got $10,000? Turn That TFSA Into a Goldmine! [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
The TFSA (Tax-Free Savings Account) is, hands-down, the best option for Canadians looking to build long-term wealth. Why? Any income earned in the account, whether from investments or interest, is completely tax-free! This means you can let your savings grow uninterrupted . In fact, over the years, the annual contribution limit has added up to $95,000. Thus giving you a huge tax-advantaged space to build your future. But how can you get started at turning that $95,000 into even more? Today, we'll get into it. Getting started To start maxing out your TFSA, it's all about building a smart savings strategy. You can begin by setting aside small amounts from each paycheque. Think of it as paying yourself first. Even $100 a month can add up over time. Another handy tip is to redirect any bonuses, tax refunds, or windfalls straight into your TFSA, thereby boosting your contribution without affecting your regular budget. Planning your budget with these small savings goals in mind makes i
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MELI
Earnings
- 8/1/24 - Beat
MELI
Sec Filings
- 9/16/24 - Form 3
- 9/16/24 - Form 8-K
- 8/27/24 - Form 4
- MELI's page on the SEC website