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_______________________________________________________________________________________________ FOR IMMEDIATE RELEASE... Savvy Retail Investor Gail Bebee Applauds New Tax-Free Savings Account New budget measure will put money in the average Canadian’s pocket Toronto, Feb. 27 – Financial industry outsider and personal finance author Gail P. Bebee believes that the 2008 federal budget delivers an important new savings and tax reduction tool to Canadians. Says Bebee: “The Tax-Free Savings Account (TFSA) embodies the investing principles in my new book No Hype –The Straight Goods on Investing Your Money: it encourages people to save and it reduces the taxes Canadians pay on their investing profits. I like the fact that all types of investment income can grow tax free inside the TFSA – dividends, capital gains and especially interest income given its relatively high rate of taxation. The $5000 annual contribution limit is relatively low, but the value of the tax savings will grow over time. My main concern with this new program is how much the financial institutions will charge investors to administer these accounts. ” Bebee is available to speak with the media about the 2008 federal budget and its impact on retail investors. For further information, or to arrange an interview, please contact: Gail Bebee gbebee@nohypeinvesting.com About the author: Gail Bebee, B.Sc., M.Eng., is president of The Ganneth Company and author of No Hype-The Straight Goods on Investing Your Money. She is an independent Canadian investor who has mastered the finer points of investing through completion of the Canadian Securities Course with honours, hands-on investing experience, membership in the Tycoons Investment Club and extensive personal study. Bebee’s new book delivers all the investing basics for Canadians from the viewpoint of a savvy financial industry outsider. ### Back to Previous Press Releases Back to Media Room |
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| [Press Release 4] |