TFSA

• Tax season is still months away. Doing 3 things now could help you later

  Less than two weeks remain to take advantage of some tax strategies that will help to get more money back when it comes time to file.

  Money

  Dec 19
  
• 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
  
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• Canadians are contributing less to TFSAs as monthly costs soar: survey

  The basic monthly living expenses for Canadians have increased nearly $400 year-over-year, according to a new survey by BMO of over 1,500 Canadians.

  Canada

  Jan 19, 2024
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• Here are the tax changes that will affect your pocketbook in 2024

  While inflation has eaten away at Canadians' pocketbooks in recent years, the resulting changes to how marginal tax rates and other benefits are indexed might be a boon for filers.

  Money

  Jan 2, 2024
• 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
• First home savings account: Here’s how you can use it alongside your TFSA, RRSP

  The FHSA has arrived. If you're saving up to buy a home and are not sure where the FHSA fits in with the TFSA and RRSP, here's what you need to know.

  Money

  Apr 22, 2023
• One in three Canadians in ‘bad’ or ‘terrible’ financial shape, poll finds

  Thirteen per cent of Canadians surveyed said they had recently borrowed money from friends or family in order to make ends meet, the Angus Reid Institute found.

  Economy

  Apr 10, 2023
• Saving for a down payment? Here’s a look at the accounts that can help you

  The number of investment savings accounts for Canadians looking to buy their first home can seem daunting. Experts say each have their advantages - and limits.

  Money

  Apr 21, 2022
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• Frequently trading stocks in your TFSA? The CRA may have questions

  Many young Canadians have started investing during the pandemic, often opening self-directed TFSAs. But too much trading inside a TFSA could trigger tax consequences.

  Money

  Nov 23, 2021
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• COVID-19 pandemic has made Canadian millennials ‘conscious’ moneywise: experts

  People with outstanding loans seem "eager to pay them back," while people with "disposable income and savings want to grow their finances to ensure they have back-up.

  Consumer

  Mar 20, 2021