Saving & Budgeting

TFSA

All You Need to Know About the Tax-Free Savings Account

Warning: 3 Ways the CRA Can Tax Your TFSA!

The TFSA can be taxed by the Canada Revenue Agency or CRA in case you over-contribute to the account or hold unqualified investments here.

TFSA

Successful financial planning involves making wise investment decisions according to your financial situation and goals. As you begin to think about investments for 2021, it is important to be aware of how TFSAs and RRSPs can benefit you. Both these investment instruments can help you save on tax, but they work in different ways. In […]

tfsa

TFSA: What Is a Tax-Free Savings Account?

Opening a TFSA (Tax-Free Savings Account) is a great way to shield your savings from further taxation as you try to make your money grow. TFSA or Tax-Free Savings Account is a registered savings account or an investment account in which you can amass your savings tax-free. Additionally, if you invest the funds in your […]

TFSA

Making equity investments through Tax-Free Savings Account (TFSA) can help you derive the maximum benefits from equity investments.

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How Much Is the TFSA Contribution Limit for 2021?