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.
Baby Boomer Averages. The age group between 45 to 62 years old has set aside $38,000 on average, as of 2012, according to The Survivors Club website. That savings rate is for people who don't have a company-sponsored retirement plan.Those with a company plan have saved $88,000 on average.f you feel you're not keeping up with what the average person is doing for retirement or the target savings rates for your age group, you have some catching up to do. Certain retirement accounts allow you to accelerate your savings rate after age 50.