ING Direct is leading the pack and introducing the first Tax-Free Investment Savings Account for Canadians! The Federal Government's actual Tax-Free Savings program doesn't begin until January 1st, 2009 but that's not going to stop ING which has replicated the benefits of the program for the rest of the year. Just open a promotional Tax-Free Investment Savings Account before December 31st and receive a bonus payment on December 31st equal to the interest you've earned in that period. They're effectively doubling the interest rate, currently 3%, which more than offsets any additional taxes you'll pay on the additional interest earned.
When January 1st rolls around, any money deposited in the account will be moved automatically over to the new Tax-Free Savings Account so you don't miss any of the benefits - hot deal! What is a Tax-Free Savings Acccount you may ask? In short, it's a brand new savings vehicle where the interest, gains, and withdrawals will not get taxed. There's a lot more information in the Tax Free Savings Account article in our our features section.
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When January 1st rolls around, any money deposited in the account will be moved automatically over to the new Tax-Free Savings Account so you don't miss any of the benefits - hot deal! What is a Tax-Free Savings Acccount you may ask? In short, it's a brand new savings vehicle where the interest, gains, and withdrawals will not get taxed. There's a lot more information in the Tax Free Savings Account article in our our features section.
Find more Canadian deals at RedFlagDeals.com
