Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
Interesting, the Roth sounds identical to the Canadian Tax-Free Savings Account (TFSA), which has a CAD$5,000 maximum yearly contribution, and exempts all earnings from tax. However, more or less anything can be placed in the TFSA umbrella/wrapper/container - stocks, bonds, cash, bank accounts, ETFs, etc etc etc. Also, that 5k/yr limit is retroactive to 2009, so I've got a good amount of contribution room waiting for me when it's time to invest. :D Thanks Government of Canada!