You'll often hear condensation called a warming process, which can be confusing since condensation has to do with cooling. While condensation does cool the air inside of the air parcel, in order for that cooling to occur, that parcel must release heat into the surrounding environment.
A Tax-Free Savings Account (TFSA), is an account where you can save or invest up to $10,000 a year. 1 Unlike other types of savings, youâre not taxed on the income you earn.Itâs a great way to save for your short or long-term goals; because it lets your savings grow â tax-free. Tax-Free Savings Account (TFSA) is a registered savings account regulated by the federal government. Through a TFSA, you can put your savings into eligible investments and not pay tax on the investment income you earn.
Savings by Age. According to the Employee Benefit Research Institute, workers younger than 35 have an average of $6,000 saved. Those 35 to 44 years old have $22,500 saved on average, and those aged 45 to 54 have just less than $44,000 stowed away.The average 55 to 64-year-olds only have about $65,000 in savings and those 65 and older have saved $56,000.ore than half of working Americans have no retirement plans; start saving as soon as possible. The average person with a retirement plan -- particularly a 401(k) -- has just a little more than $60,000 saved, according to the Employee Benefit Research Institute's May 2012 Retirement Confidence Survey.