A TFSA is an investment account that is registered with the federal government. Within a TFSA, you can invest in a variety of assets — stocks, bond, mutual funds, and more. There are yearly limits to how much you can contribute to a TFSA. You don't receive a tax deduction for the money you contribute to a TFSA. Instead, over the lifetime of the TFSA, the money in the account grows tax free. Additionally, when you withdraw money from the account, you pay no tax on the proceeds.

Video and transcript available here: https://invested.mdm.ca/financial-literacy/tfsa

For complete information on the terms and conditions of TFSAs, please contact your MD Advisor*

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies and Scotia Wealth Insurance Services Inc. For a detailed list of the MD Group of Companies visit md.ca and visit scotiawealthmanagement.com for more information on Scotia Wealth Insurance Services Inc.

An RRSP is an investment account that is registered with the federal government and primarily used to save for retirement. Within an RRSP account, you can invest in a variety of assets — stocks, bonds, mutual funds, and more. There are yearly limits, based on your income, to how much you can contribute to an RRSP. Your contributions are tax-deductible, and no taxes are payable on your money or on its growth while it's inside the RRSP. When you withdraw money from the RRSP, however, the proceeds are taxed as income.

Video and transcript available here: https://invested.mdm.ca/financial-literacy/rrsp 

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies and Scotia Wealth Insurance Services Inc. For a detailed list of the MD Group of Companies visit md.ca and visit scotiawealthmanagement.com for more information on Scotia Wealth Insurance Services Inc.

"Fungible" means "replaceable by another identical item, interchangeable". Digital assets such as images, gifs, or music files are inherently fungible — making an exact copy is easy. Non-fungible means an item is unique and can’t be replaced. NFTs are a way to make digital assets non-fungible. They introduce ownership of the file which cannot be copied. Generally, NFTs are unique data units with identification information and metadata stored on a blockchain network for security and verification purposes. They can be bought, sold or traded.

Video and transcript available here: https://invested.mdm.ca/financial-literacy/nfts

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies and Scotia Wealth Insurance Services Inc. For a detailed list of the MD Group of Companies visit md.ca and visit scotiawealthmanagement.com for more information on Scotia Wealth Insurance Services Inc.