Generate $500 in Tax-Free Monthly Income With This Easy Strategy
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Paying taxes sucks, and let’s be honest: Federal government initiatives like the GST holiday don’t exactly make a huge dent in your wallet.
But you know what does? A tax-free $500 paycheque landing in your account every month for doing absolutely nothing. And no, I’m not talking about welfare.
This is about smart, passive-income investing using accounts that are already available to every Canadian. Let’s break down how you can make this happen.
The account to use
It all starts with the Tax-Free Savings Account (TFSA)—a name I genuinely dislike because it tricks unsuspecting newbies into using it as a plain old savings account.
In reality, the TFSA is way more versatile….
