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For example, current year cash ISA subscription money can be held in a help to buy account, instant access accounts, fixed rate accounts, variable rate accounts and deposit accounts with the same cash ISA manager in the same overall ISA even though this is five or more accounts. None could be held in any accounts within another cash ISA elsewhere.
The Canada Revenue Agency (CRA) describes the difference between a TFSA and an RRSP as follows: "An RRSP is primarily intended for retirement. A TFSA is like an RRSP for everything else in your life." [29] Interest paid on money borrowed to invest in either TFSA or RRSP is not tax deductible. [30]
Example: Taxpayer has a 30% combined federal-provincial marginal income tax rate and makes a $10,000 contribution to a registered account. Assume in this example that the taxpayer's marginal income tax rate is the same at time of withdrawal from the registered account as it was at the time of contribution: To TFSA:
Post Office Savings Bank is a name used by postal savings systems in several countries, including: New Zealand, later renamed the PostBank; United Kingdom, later renamed the National Savings and Investments; Singapore, later renamed POSB Bank; Kenya, also known as the Kenya Post Office Savings Bank; Austra, also known as the Österreichische ...
The Halifax Banking Company was the first bank in Nova Scotia. Established in 1825, it was unable to obtain a charter from the Nova Scotia Legislative Assembly and operated as a private company. It became incorporated as a chartered bank in 1872 and enjoyed a period of rapid growth and prosperity.
In 1969, when the GPO ceased to be a department of government, the bank was transferred from the Post Office to the Treasury. Its name was changed to National Savings Bank, and it gained an independent legal identity under the National Savings Bank Act 1971. [9] Post Office branches continued to act as agents for the National Savings Bank.
The Union Bank of Halifax was granted a charter by the government of Canada in 1856 and established its head office at the corner of Hollis and Prince Streets in the port city of Halifax, Nova Scotia. The driving force behind the bank, and its first chairman, was Halifax businessman and former mayor, William Machin Stairs (1789–1865).
Canada Post operates as a group of companies called The Canada Post Group. It employs approximately 70,000 full and part-time employees. The Corporation holds an interest in Purolator Courier, Innovapost, Progistix-Solutions and Canada Post International Limited. [8] Canada Post (French: Postes Canada) is the Federal Identity Program name.