What are those differences? And how do you know which one is right for you? Let’s look at the TFSA v. RRSP debate and find out. A Tax-Free Savings Account (TFSA) is a tax-advantaged savings ...

With hundreds of GICs to choose from and a variety of Canadian financial institutions that offer them, we decided to narrow down our top GIC picks for your TFSA. The following are the best TFSA ...

Take advantage of new TFSA changes to get wealthier. Whether you are new to investing or a veteran, the TFSA can help you accumulate wealth quicker. With the new year upon us, Canadians can add an ...

With the new year upon us, Canadians can add an additional $7,000 to their Tax-Free Savings Account (TFSA). If you turn 18 years of age in 2025, you can contribute a total of $7,000 to your TFSA.

A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the surviving ...

This is TFSA Trouncers, a series that profiles Canadian investors who’ve accomplished incredible feats with their tax-free savings accounts. If you have grown your TFSA to half a million dollars ...

1. Rolled out in 2009 by the Canada Revenue Agency (CRA), a TFSA lets Canadian residents 18 and older to save and hold qualified investments, along with any interest, capital gains and dividends ...

Hitting the million-dollar mark in a Tax-Free Savings Account (TFSA) is a goal most Canadians strive towards. According to multiple estimates, that’s a modestly healthy benchmark for a financially ...

Your TFSA contribution room is the maximum amount you can contribute to your TFSA for any given year. Your contribution room and your age affect the amount of contribution room you have.

This review will explain what clients get when they open a TFSA with RBC, and the basics of any TFSA account regardless of where it is held. No maintenance or monthly fees. Set up automatic deposits.

Dear Money Lady — I have not topped up my TFSA — should I do it now in December or wait until January?