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.
Calculate 10% of your gross pay â the amount before taxes and other deductions â and set up automatic savings based on this figure. For example, if earnings before all deductions are $1,500, earmark $150 for savings. 10% is the starting point for savings. If you can save more, you will attain your goals faster.Another method to determining how much to save is the budget method.or example, if earnings before all deductions are $1,500, earmark $150 for savings. 10% is the starting point for savings. If you can save more, you will attain your goals faster.