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.
Putting a sparkle on your savings: A new regime coming into effect on 6 April 2016 means 95 per cent of savers will no longer have to pay tax on their savings income Higher-rate taxpayers who have taxable income of between Â£43,001 and Â£150,000 will also receive an allowance, but it is capped at the lower amount of Â£500 per year.