Price:
R402.50 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Tristan David-Crewe White
Duration:
60 Minutes
Additionals:
R402.50 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Tristan David-Crewe White
Duration:
60 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Why pay tax on your investment growth when you could be growing your money tax-free?
The goal of Tax-Free Savings Accounts also known as ‘TFSAs’ under section 12T of the Income Tax Act is to encourage you to save your hard earned money. This money is then safeguarded from income tax. A win-win for you.
Let’s kickstart your journey on understanding tax-free savings accounts, so you can start saving today!
A practical discussion will be held to answer all of the following questions:
- What types of investments qualify as section 12T tax free savings accounts
- Who qualifies for these tax-free investments, businesses, individuals or both
- How much tax could you be saving
- How to open up such account and how accessible the money is,
- What investment amount limits are applicable
- How to correctly declare it in your tax return to ensure tax-free.