
This lecture will introduce what the course is about, what you will get from this course, course requirements (there's only one), and various ways to contact me, Nikhil!
Get to know what the chequing account is used for and learn how to get rid of fees.
I show how the fee looks like and simple steps on how you can get rid of it using RBC Online Banking.
Another way on how to get rid of the chequing account fee using BMO Online Banking.
Concluding this section by explaining why its important to save yourself from bank account fees.
You have to park your money somewhere, so I explain how you have use a savings account to your advantage.
Take advantage of Canada's best savings account. I show you how to do this, it's super easy and quick.
Guarantee that you will understand what interest actually means and how you can make the most of something so simple.
Savings Accounts can be a very helpful account when you earn high-interest and don't get charged unnecessary fees.
Follow my steps and apply for the "My Account" on the CRA website. You need this account to view your TFSA/RRSP contribution limits, your income tax information, GST/HST credit details, and much more. It's completely worth it because you just need to sign up once and you'll be able to access these important financial details quickly and easily.
You will learn exactly what the Tax-Free Savings Account (TFSA) is and how you can start using it.
The Contribution Room is one of the most important parts of the TFSA. You will learn exactly how it works and what it means for YOU and your wallet.
You need to know what your total contribution room is, so you do not over-contribute and get charged with penalties. Learn how to find what your TFSA Contribution Room is using your CRA Account. If you don't have a CRA Account, then watch "Lecture 10 - Register for My Account with CRA."
If you have a TFSA but don't know what it is used for, then you will learn to identify what types of investments you might have within your TFSA.
Learn how to contribute/deposit money into your Savings Account type of TFSA and how that affects your overall contribution room.
Learn how to contribute/deposit money into your TFSA that's used for stocks, bonds, ETFs, mutual funds, and some GICs. You will also understand how your contribution room is affected with these types of investments.
Learn to withdraw money from a Savings Account TFSA. Open your savings TFSA and follow along the same steps to withdraw money. You can use TFSAs from any bank or financial insititution.
If you have a TFSA that is used to invest into the markets, then follow along the steps I take to withdraw money and understand how it affects the contribution room. Pause the lecture anytime and do it at your pace.
Thanking the viewers for attending the course and hope that they genuinely learn about chequing/savings accounts and TFSAs. I told them to provide any sort of feedback possible through various forms of contact. Check out my YouTube channel at Soni Bros Investing as well!
HIGHEST-RATED PERSONAL FINANCE COURSE IN CANADA on Udemy!
This course was designed to make the world of money and investing EASIER to understand by literally showing you HOW to apply all the crazy financial jargon you see and hear to your real life. You will learn exactly what your schools have failed to teach you AND you will start to apply your learning right away. Heck, you will be able to pass this financial knowledge down to your kids, parents, grandparents, or whoever!
It DOES NOT matter if you are a high school student or a PHD graduate. It DOES NOT matter if you just started your first job or you're ending your seventh job. MONEY DOES NOT CARE ABOUT YOUR AGE OR HOW WELL YOU DID IN SCHOOL. You don't need any prior experience or knowledge to take this course. You will learn everything about personal finance that your schools failed to teach you regardless of where you come from in Canada.
This course will prove that you can build your own path to financial freedom. Understanding your money, how to make it work for you, and how to prepare for your future financially are some of the most important things that you never learn in school, so it's EXTREMELY valuable to take the time and soak up all of this information.
In this course, you will LEARN about:
Everything about Chequing/Savings Accounts.
How Interest Works.
Registering for CRA My Account.
Tax-Free Savings Account (TFSA)
What is a TFSA?
Types of TFSAs
Contribution Room
Withdrawals
There will be lots more lessons coming soon that will talk about investing, mortgages, student loans, credit cards, retirement, and MORE.
I recommend that you take this course at your own pace. Pause the lectures when you want too, rewind if you feel like you missed something, and feel free to ask as many questions as you want.
All of the lectures contain information based on my personal experiences and extensive research. If you have ANY questions, then you can always reach out to me or leave your comments/concerns in the Q/A boxes in the lectures. You will always have your questions answered within 24 hours. We make sure our students are not left stranded or confused.
By taking this course, you are signing up for:
Lifetime access to the course.
New and additional lectures will be added.
Current lectures will be updated when necessary.
A friend that will happily answer your questions. :)
Check out my YouTube channel - Soni Bros Investing. With more than 17,000 Subscribers and 1.6 MILLION views, the channel has become very popular in the world of personal finance. People from around the world watch these videos about investing, personal finance, financial literacy, and my ever-changing personal experiences with money. It has some of the simplest and easy to understand videos on YouTube till this day, so feel free to check that out and share with your friends/family!