I was browsing on one of Canadian bank sites and noticed some advertisements about those tax free savings accounts that are arriving in 2009. From what I read before, essentially these accounts you can place in a certain amount of money every year, kind of like an RRSP, except you can withdraw money with worrying about having to pay taxes on it.
Iâ€™m actually really interested in this as it sounds like a great incentive to save money without all the headaches of calculating whether or not you are truly making the right choice in the long run. I wonder if there are any fine prints to this though. Guess weâ€™ll have to wait and see.