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Carrick on money: Watch out for these TFSA traps

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Watch out for these TFSA traps
Tax-free savings accounts are comparatively simple to understand and use, but there are still some points that trip people up. Here are a few of them.

Do you have an "if something happens" file?
If something happened to you, how would your spouse or family know where all your important personal and finance documents are? Here, you'll find a list of things you should put in an "if something happens" file. It's designed for seniors, but anyone can use it.

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Thoughts for the frugal driver
A personal finance blogger explains why he's still driving his 2000 Mazda Protégé.

Here's a car that sells for under $10,000 in Canada.

Here's a list of the cheapest cars. U.S. prices are shown here, but you'll still get a good idea of the least expensive cars in the market today.

Money matters
Join the 35,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More


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