7 Things To Do AFTER MAXING YOUR TFSA - What To Do Next?

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Title	:	7 Things To Do AFTER MAXING YOUR TFSA - What To Do Next?
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📈Join The Investing Academy ➤ bitly/theinvestingacademy br💮Blossom Social (See My Exact Portfolio & Trades) ➤ getblossompagelink/brandonbrbrSUPER highly requested video today I hope you find this one valuable! Let me know down in the comment section below what you think of these options and what YOU personally do after maxing your TFSA :)
Comment from : @beaviswealth

TFSAs maxed, working for a pension Does it make sense to invest in RSP?
Comment from : @JasonCGreene

Hi there! Something I'm not too sure of that I'm hoping you can address in a future video -- if you've maxed out or nearly maxed out and reached your lifetime contribution limit for TFSA, can you in any way 'take advantage' of unused contribution room you may have accrued over the years? And does your interest you've gained from TFSAs and TFSA GICs still count towards your TFSA's lifetime contribution limit? Thanks for your time
Comment from : @lePeachfuzz

Non register account do you pay capital gains or income tax?
Comment from : @TheJoeMoneyShow

You made a mistake here RRSP when the money grows you have to pay not just capital gains but you have to pay the income tax on it Which means for every dollar You earn You need to pay exactly that much in your bracket while capital gains is only half so you might have been better off in non-registered account because non-registered account you only get taxed at half your tax bracket
Comment from : @KennyNewton-tn5nb

Ive watched many of these videos but no one talks about 2 calendar years lets just say i have a maxed out contribution and withdrawn all just for argument sake 200k the next calendar year you can re put the 200k plus the government tfsa increase but what happens if you had med bills or something and cant re put the 200k till the next next year do you lose out of contribution?
Comment from : @Thebignagro

Straight forward advice and to the point Thank you
Comment from : @markhoffman

You can also max out your wife’s RRSP
Comment from : @gamedran

Nice!You forgot one thing;Simply wait for 1 January of next year and you have more room!
Comment from : @floriniancau5766

Great suggestions! I’ve never contributed to RSP but am starting now to create something I can draw from in the future :)
Comment from : @catherinedesilets8960

I have seen a couple of your videos and cant find anything on your qualifications or CV Could you just touch on your background and experience as an industry professional? Such as experience working in the industry etc As you're running an "academy" I assume you are well educated post secondary with a lot of industry experience
Comment from : @blairlevert8982

Hi Brandon I'm been watching your video for quite sometimes and I really enjoyed it I am very much interested in #6 Real Estate investing If possible to give a tips on how to startThanks!
Comment from : @almadaliva4151

Please make more videos on non-registered taxable accounts
Comment from : @UzairSaiyed

Hi I have a question Does TFSA contribution limit depends on the year when you became a resident of Canada? Or the whole TFSA limit gets (if ones born before 1991) regardless of the year of residency canada? Please give me the government website link which shows that Thanks
Comment from : @Investedarg

Are FHSA accounts available with Questrade or Wealthsimple?
Comment from : @smol

Can you do a video on Spousal RRSP's?
Comment from : @kiwionarope

I have a question about the new registered first time home buyer (FTHB) I heard that the current FTHB where u borrow from your RRSP ‘resets’ every 7yrs and allows u to borrow again even if you already have a home? If this is true and it’s been more than 7yrs can u use the new FTHB to save tax free to use when you sell and upgrade your home? You’re gonna make a video bout this new registered account when it’s finalized, correct? So many questions!
Comment from : @helenconcepcion9385

Paying down the Mortgage if you purchase as a coupleif there is a Splityou both can walk away with a better credit score and money to move on with
Comment from : @Chap17

The first time i heard about rrsp was when i’m still deciding what i wanted to do for my career When i heard the details, at that time i saw rrsp as an obstacle for my full time studies I didn’t have the energy to do work and school at the same time Also, withdrawing the money leading to paying taxes also deter me from opening onebrbrEven now, opening an rrsp makes me uncomfortable since we wanted to maximize our profits, having an income in a higher tax bracket will start to make sense, and i’m in around 30k-ish I’m still going to open one since that tax refund will help me a lot to build my retirement
Comment from : @charu002

Magic question no one had an answer to; if you don’t have an SIN does your TFSA room count? For example will you get the room for the year you turn 18 if you don’t have a sin
Comment from : @gesitaridiriyai4364

Paid off my mortgage first in 55 yearsand now building wealth is in "rocket" mode 🚀
Comment from : @canpin

I used to be one of those people who thought RRSP is not good, after understanding it fullyim using it and growing my savings now (with TFSA) bu deferring my tax and will withdraw it on retirement when my tax bracket is much much lower
Comment from : @canpin

Can I put pre-IPO in TFSA?
Comment from : @Abdul-Alhazred

I’d love some more tips for non-registered account investments!! Thanks
Comment from : @vor9822

Yes! Can you please do a video about non registered accounts I’ve been considering opening one up for the last year but the fact that it is taxed spooked me I’d like to know more about the most appropriate types of holdings that would make sense tax-wise Thank you!
Comment from : @cheeseman1127

@brandonbeavisinvesting Can i still invest in TFSA if i'm a canadian citizen but i live abroad?
Comment from : @mostar387

More info / videos on how to navigate a non registered account and even how to claim taxes on gains from stocks and ETFs in that type of account would be interesting 🙏
Comment from : @seana4028

Is it better to max out RRSP first over your TSFAat our age (mid 40’s, my husband and 1) have ample room in both Just wondering what would be best firstwe do get the tax break from the RRSPshould we contribute to both each month? We currently contribute monthly to our RRSP and typically once a year to my TSFAbrThanks in advancebrCarla
Comment from : @carlabrodhagen5437

Hey Brandon can you do an update video on the 5 Canadian banks to start 2023
Comment from : @defaultwoodsman

Great time to invest in the stock market as well if you have a fixed rate mortgage brEveryone with a variable rate might pause investing as there payments have chewed up any disposable “investment” income
Comment from : @foolishcreations2259

RRSP is good when your in a high tax bracket
Comment from : @foolishcreations2259

What an awesome video, this is some quality content! Thanks for sharing as always Brandon!
Comment from : @CanadianDividendInvesting

A few points to consider…TFSA should be viewed as an investment account, sticking 5 or 6 GICs won’t grow your account very quickly…check out the Rule of 72 Also while the TFSA is “not taxable”, the IRS doesn’t recognize it as such, so all US dividends are subject to 15 withholding tax You need to find dividend paying stocks not domiciled in the US to avoid this Capital gains are the other way to avoid US withholding tax
Comment from : @jyang843

So if I have a teachers pensionI shouldnt have an RRSP? I have maxed tfsa? And add to rrsp (a little ) every month
Comment from : @sheldonsnow803

You're saying #7 Non-reg, people will think it's not good because you pay taxes but if you do #5, real-estate, aren't you paying taxes too?
Comment from : @channelmovedseefeaturedcha3500

Great video Based on my personal circumstances, my prioritization list is:brTFSA (maxed)brNon-registered (currently)brFHSA (when available)brRRSPbrI will have a defined benefit pension plan, and I have share ownership plan The employer matching on the share ownership plan (DPSP), and company pension reduces via pension adjustment my rrsp room I fully expect to be in the same tax bracket when it retire also The non-registered account is also a dividend portfolio like my other accounts I like the advantage of passive income Never having to sell off chucks of the principal to pay cost of living
Comment from : @reptilianskin

Object0 RRSP at 65max TSFAalso rental income acumulate into family trust and at retirement age paid by dividend
Comment from : @christianduval9067

I cash my RRSP since 2013to max my TSFAtake GIC at LauretianBank at 5,4 a nice $4572 tax freesimilar to my wifebrAt 55all rental property's we owne are paidCanada and USbrbrAslo we pay no income taxes since 2013only corporate
Comment from : @christianduval9067

Can you explain de brookfield split???
Comment from : @alainbergeron8090

I also created non-registered investing accounts, in-trust, for my kids in case they decided to pursue a career in something not covered by RESPs In the end my first two kids didn’t use them, so they became seed money for their own TFSAs
Comment from : @TheLyonsDen65

If you lose track of how much you put into your TFSA, how do you find out?
Comment from : @gardyl2692

Great video, would love to learn about some tax friendly ideas for non registered
Comment from : @meganclarke5384

Brandon: A fan of your and your father's content in Victoria I'd love to see a video specifically on investing for taxable investing accounts I''m almost at the stage where such an account is my next option, and would like to learn what you think is best Canadian dividend stocks make sense, given the dividend tax credit in taxable accounts But that's as far as my knowledge goes Thanks for all you do
Comment from : @davidblack6413

Hey Brandon I'd love your input on putting money into a non-registered account to sell options in before maxing out a tfsa brbrI currently sell covered calls in my TFSA and I'm making about as much in monthly premiums as I contribute from my job It's working well for me but I'm very tempted to open a cash or margin account so I can sell puts as well I've been getting good results in a practice account but I'm not sure if it would be worth giving up the tax advantage
Comment from : @alexzabiuk1361

Brandon, can you please make video about structured notes?
Comment from : @web3tel

I wonder what will happen if you contribute to the new FHSA and decide to expatriate and not buy a home, will they let you keep it as is and transfer it into RRSP after 15 years like the residents ?
Comment from : @corradoQC

How do you buy US stocks in TFSA and avoiding currency exchange fee?
Comment from : @thewalias623

If you buy US listed stocks that pay dividends, make sure you buy them in an RRSP as you aren't subject to pay 15 US withholding tax(assessed by the IRS in the USA) on the US dividends(based on the tax treaty btwn Canada and the United States) brbrUS stocks that pay dividends are subject to a 15 withholding tax if bought in TFSA or non registered accounts for non residents of the United States 🇺🇸
Comment from : @currypablo

Being a first time home buyer I would rather put my money in new upcoming program than other types (if I have sufficient emergency fund available with me) Even before maxing out my TFSA My overall list of investing money would be br1 Home buyer accountbr2 TFSAbr3 RRSPbr4 Spousal TFSAbr5 Spousal RRSPbr6 RESPbr7 Mortgage (only if interest rate is more than 5)br8 Buying other assetsbrUnfortunately I am not going to max out any of my account in near future and after this new program I don’t think I can max out my TFSA and RRSP even after 10-15 years
Comment from : @MD-dg1po

This 10 TFSA from IRS is coming next year do you know about it?? I got this from wealthsimple today " Heads up: As of January 1, 2023, when Canadian residents sell certain types of securities (Publicly Traded Partnerships), the Internal Revenue Service (IRS) requires a 10 withholding tax to be appliedYou’re getting this email because you own shares of Brookfield Infrastructure Partners LP in your Wealthsimple Trade TFSA Account that might be subject to this new 10 US withholding tax "
Comment from : @vfxart1994

I am conflicted With what going on with the world today Part of me says stocks are cheap right now, but my tinfoil hat side says to invest in the prepper side of myself I'm trying to balance it out
Comment from : @karlosm2730

Forgot Spousal RRSP, let's put it at 35, and next video, let's hear about what investment should go in TFSA, RRSP and Non Reg Account for example US investment in RRSPs, high dividend paying Stocks & ETFs in TFSA, Canadian stocks with low capital gain and average dividends in Non-registeredyou get the idea
Comment from : @caughtoncam4800

I would say an Emergency Fund should be on the list, because it prevents people from going into debt and paying interest Or maybe that is the "high interest savings account" at #6
Comment from : @AlphabetRock

Great info Brandon I envy the younger investors out there that can can use the tfsa as they age I only wish us older guys had this when we were younger The good news I can convert and reinvest from my non reg taxable and into my tfsa and my wife’s to reduce my taxable income from dividends
Comment from : @willkeen5010

thanks for the great info!!! good video thanks Brandon
Comment from : @momo35444

Looks like a good list to me I can't overemphasize how good it feels to have the mortgage paid off
Comment from : @smallmj2886

I am 22 I maxed out my TFSA I prefer to invest in a non-registered account before investing in my RRSP because I want to keep my RRSP room to when I make more money and my marginal tax rate is higher Is this sensible?
Comment from : @JadSabbagh

I would very much like to hear more strategies on non registered accounts!
Comment from : @MurrMan23

Thank you so much! I didn’t even know about the FHSA Absolute game changer
Comment from : @ericratynski

I just moved to Canada this year and I'm STOKED about the FHSA Truly a gamechanger to newcomers like me who need to be given that fighting chance
Comment from : @intjane

YES PLEASE! Strategy for non registered investments ie CAD dividends tax benefits and tax optimization for TFSAs and RRSPs too Thanks for all the very informative videos!
Comment from : @saveourplanet4204

Somewhat related to #5 in paying down your mortgage If one has maxed out TFSA and RRSP, moving up the property ladder for one's primary residence should be high on this list Primary residence is almost like a second TFSA account
Comment from : @chrisskyllas1309

Awesome content as usual 💪😎brOne important item to add: withdrawals from a RRSP account effects your contribution room permanently Or said another way, if I withdraw $50k from my RRSP, I CANNOT recontribute $50k the next year like my TFSA This just happened to me recently where I needed funds for a family emergency
Comment from : @mrfinancial

Hey Brandon, awesome video! I love the way that you logically explain everything :)brbrIn a future video, I would love it if you talked a bit more about the venture capital space/investing in other alternatice asset classes Before working at banks, I use to work for a PE fund that invested in farmland across Canada, as these funds saw on average of 10 return/annum Though I know that these types of investments differ from what you typically discuss, I think it would be extremley benficial to post a video surrounding some of these other spaces!
Comment from : @coltonklein5520

Watched and liked, thanks Brandon! Should have also mentioned rental property as real estate would be be a better choice over primary residence, from an investment perspective
Comment from : @jasonstupak4535

Yoo thats crazy didnt know about the New TFSA account coming out! thanks man
Comment from : @K73GHOST

Definitely would like to see a vid about what stocks to hold in a non registered account
Comment from : @leocross4688

Hi! thank you for this video It would be great to have a video over best strategies for non registered / margin account 👍🏼
Comment from : @alexandregendron7168

Hopefully a constructive comment : I think the lighting is too dark Pretty sure you can make it a bit more enjoyable to watch Just my 2 centsbrbrGreat content as always, continue your great work! 👍
Comment from : @11maxsuperhot11

I think the only other one could be the RDSP for investors with a disability This is one not to ignore as the government will match part of your deposits
Comment from : @MountainFinance

Thanks for the video Brandon I for one would love a non-registered video where you focus on the types of investments best held non-registered Have a good day
Comment from : @nacre6233

8Whole life insurance 9 Emergency fund
Comment from : @richard-pilipiak

Brandon you sound a little under the weather
Comment from : @AceVenturaXii

good for women in Canada so they can suck all mans has basically surrender all you got scheme to me :)((((
Comment from : @ugurceldir

Question : hi Brandon, regarding RRsf, I already have the pension plan from my company which both of us together contributed 135, so I still have room for RRsf, however recently I learned that once I take the money from RRsf when I retire, it is considered income, however comparing if I use the non registered account for investment, i only pay capital gain and divdend, which the tax rate is lower than income from RRsf, if I plan to withdraw when I am retired which is lower income tax bracket, can you please reconfirm if I am correct?
Comment from : @monmantong2003

For the taxable account you could look into buying Canadian preferred shares that have a tax credit advantage Also buy prefs that have a maturity date and don’t reset as you will get your principal back
Comment from : @edwardr9782

What id you invest in TFSA $50000 and get to 1M Can you take that money without any taxation ? THX
Comment from : @Dejan_23Unlimited

This is great Brandon! I'm in this situation Been in and out of grad school for most of my 20s and finished my PhD this year I've been able to put half of every scholarship/award I earned away into my TFSA during this time, ultimately maxing it out brbrAs a single individual with no dependents, looking to buy my first home in mid 2023, I likely won't open a FHSA But did open an RRSP and started contributing earlier this year (no pension with my current role) and have almost fully established my emergency fund in a high-interest savings account brbrThank you for taking the time to put this together!
Comment from : @kyliedempster4667