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172 Posts
For the past year I've been reading as much as I can about the Smith Maneuver and tax strategies (and I wish I'd found this site sooner)
I'm 25, have over 20% paid down on my house, and I have about 20k in cash (not all free to move). I'm trying to save about 10k per year, and move every 3 yrs for work
I figure at my age TFSA trumps SM until I run out of TFSA room or want to buy a rental. But in the future, kids my age would have 35k TFSA room already!!! I might be able to keep up with 5k a year for awhile now, but the new kids will always have TFSA room (unless they lower the limit)
Will TFSA kill the SM for the newbies?
I'm 25, have over 20% paid down on my house, and I have about 20k in cash (not all free to move). I'm trying to save about 10k per year, and move every 3 yrs for work
I figure at my age TFSA trumps SM until I run out of TFSA room or want to buy a rental. But in the future, kids my age would have 35k TFSA room already!!! I might be able to keep up with 5k a year for awhile now, but the new kids will always have TFSA room (unless they lower the limit)
Will TFSA kill the SM for the newbies?