I appreciate everyone’s comment’s on the TFSA and will also be contributing my 2010 early if allowed to do so. I never knew you could do this. At 1% per month I will gladly pay this whether it be for the principal (5,000.00) or even for the profits made.If It grows to $50,000.00 by year’s end, that is still only 5% (5 months) which translates to $2,500.00. This is considerable less then say 33% upwards that you would pay in a normal account (capital gains on $25,000.00) which translates to $8,250.00 upwards. I would assume that after Dec.31/09 this money can then work Tax free because I have paid the taxes.If you only have to pay the 1% per month on the $5,000.00 even better ($250.00) which I hope is the case. I would think this is a loop hole that will definitely be plugged at some point.Either way it looks good to me.

Relic