Tax Free Savings Account

• Invest or keep money in cash? 41% of young Canadians opt for latter in TFSA

  New survey data suggests Gen Z and millennials who use a tax-free savings account aren't investing in that account because they want the money readily available.

  Money

  Nov 12
  
• CRA confirms the TFSA contribution limit for 2025

  Canadians 18 and older will get another sizeable bump in their tax-free savings account contribution room in 2025. Here's how much more savers can put away.

  Money

  Dec 5, 2024
  
• Advertisement
• Size of TFSA contribution limit rises for 2nd year in a row

  The contribution limit for tax-free savings account has been raised by $7,000 for the upcoming year, the second largest jump on record.

  Money

  Nov 24, 2023
• Advertisement
• ‘Oh, you’ve had bad investments’ — when the magic of the TFSA works against you

  TFSAs are wonderful for growing your savings but can also amplify the impact of bad investment decisions.

  Money

  Oct 26, 2019
• When cashing out your RRSP at 65 makes perfect sense

  Many Canadians 'would be well advised to cash out any RRSPs around age 65,' according to one Ottawa-based statistician.

  Money

  Apr 13, 2019
• Millennials account for highest RRSP contribution, according to BMO study

  According to an annual BMO study, millennials' contributions to their RRSPs has jumped by 87 per cent since 2016.

  Canada

  Feb 28, 2019
• The TFSA limit has grown to $6K — should Canadians contribute?

  Canadians hoping to save money after the holiday spending now have an option to stash away more cash this year -- and tax-free.

  Canada

  Jan 3, 2019
• Getting ready for retirement, what you need to know about RRSPs

  The countdown is on for your RRSP contributions. Here's some last-minute financial advice for people considering this option.

  Consumer

  Feb 27, 2017
• Advertisement
• How to re-think your retirement savings for today’s economy

  Experts warn Canadians should either start planning for a lower post-retirement income, or find a way to make their savings grow.

  Money

  Sep 14, 2016
• Advertisement
• Need graduation present ideas? Give the gift of a financial plan

  Many parents may be wondering what to give their child for a graduation gift. Why not consider giving the gift that will keep on giving for years to come - a financial plan.

  Consumer

  Jun 28, 2016