Use the TFSA and Create $460.80 in Tax-Free Passive Income [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
For Canadians, the Tax-Free Savings Account (TFSA) is a dream come true when it comes to creating tax-free passive income. Whether you're earning dividends from stocks or generating returns from other investments, all your gains stay completely tax-free. As of 2024, Canadians can contribute up to $7,000 this year, meaning the potential for tax-free earnings grows even more. The Canada Revenue Agency (CRA) allows you to build wealth without paying taxes on withdrawals, thereby making it an ideal vehicle for those looking to generate monthly passive income. So, let's get started. Maxing it out A great way to make sure you're consistently growing your TFSA is by setting up automated contributions. This takes the guesswork out of saving and ensures that you're steadily working towards maxing out that $7,000 annual limit. By doing this, you won't feel the pinch of a big lump sum payment. Plus, it can fit neatly into your monthly budget. Then, once you've maxed out your TFSA for the ye
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MELI
News
- Got $10,000? Turn That TFSA Into a Goldmine! [Yahoo! Finance Canada]Yahoo! Finance Canada
- Retirement Savings Boost: Increase Your Income by $988 Annually [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is MercadoLibre Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Stablecoins Are Becoming Systemically Important, Bernstein Says [Yahoo! Finance]Yahoo! Finance
- For Monthly Passive Income, Invest in This High-Yield REIT Paying Almost 7% [Yahoo! Finance Canada]Yahoo! Finance Canada
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