Feb. 2, 2021

The TFSA Multiplier Strategy with Darren Voros

Darren Voros is a real estate investor, real estate coach, partner, contractor, educator, and speaker. 
In this episode, Darren shows us how to maximize returns on the money inside your TFSA by using it to invest in real estate. Not many know that you ca...


Darren Voros is a real estate investor, real estate coach, partner, contractor, educator, and speaker. 

In this episode, Darren shows us how to maximize returns on the money inside your TFSA by using it to invest in real estate. Not many know that you can open a self-directed account from your TFSA without facing volumes of document preparation. Darren teaches us a way to avoid these hurdles by suggesting two financial institutions that best handle it. 

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you’ll learn in just 17 minutes from today’s episode:

  • Learn what a Tax-Free Savings Account (TFSA) Maximizer is all about 
  • Find out important facts about TFSA to leverage it 
  • Learn how to maximize a return of 20% on your money inside your TFSA 

Resources/Links:

Topics Covered: 

01:22 – What is a TFSA maximizer 

03:42 – TFSA versus RRSP account 

04:58 – How to invest in real estate through an arm’s length transaction 

07:29 – What are the limitations of TFSA and what works with it 

09:17 – Caveat for transferring money from your RRSP to your TFSA 

09:58 – Darren’s walkthrough on how to get a 20% return on your money within TFSA  

20:07 – How to transfer your money from TFSA to a self-directed account with not much hurdle 

Key Takeaways: 

“What we want to do is take that money and use it in real estate, we have to do it in a very specific way. And that’s through what we call a self-directed tax-free savings account. And we can only do that with a couple of financial institutions in Canada.”  – Darren Voros 

“The nice thing about the TFSA is if you withdraw money, like let’s say I just withdrew like $10,000 to renovate my house, I get to now top it up next year. So, if I had 69,000, I went through 10,000. In 2021, I’d be able to contribute 16,000, because I’ve got the $6,000 from 2021. And the 10,000 I took out from 2020. So, you can keep, sort of, putting money back in as you take it out.” – Darren Voros 

“This is something that we’re not taught a lot about, it’s relatively new. It came about in 2009 so most people don’t know how it works and they don’t understand what you can do with this account.”  – Darren Voros 

“As a real estate investor, I can vet the deal that I’m looking at, I can look at that person’s track record, I can look at how many transactions they’ve done, I can look at the loan to value on the property if the loan devalues on the property even when I come in, in second and third position is only 70% loan to value. That property would have to drop by 30% before I would be underwater.”– Darren Voros 

“I always tell people, find your transaction first. Find the person that you want to lend money to. And we’re going to agree on a deal, then we’re going to go and set up an account with Olympia trust or Community Trust, and then you’re going to ask them to pull the funds for you, as opposed to pushing the funds to one of those financial institutions.” – Darren Voros 

Connect with Darren Voros:  

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