Considering your plan to save up a few $Ks then liquidate it each year, just stick with a high interest savings account. I've never had the interest in these accounts taxed for a few $Ks, so setting up a TFSA is not worth while.
If you want to get into investing and accept that what you save might go up or down, then that's a different story. That's when you should open a TFSA and start buying mutal funds. Mutual funds can be sold within a few days, yet you may not beable to sell the savings you've deposited in the last 90 days.
People will advise you against mutual funds since they have a fee of ~2%, yet they have no cost to purchase/sell. Since you're only saving $1-200/mn, you cannot afford the $10/transaction to buy/sell stocks, ETFs, ...
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