Tags » Tax Free Savings Account

Home finances: Lower TFSA limits won't affect 2015 contributions

Q: I am using both the RRSP Home Buyers’ Plan and my Tax-Free Savings Account (TFSA) to save for a new home.

I have heard that the new federal Liberal government has reduced the amount that can be deposited into a TFSA and am wondering if I should withdraw the extra $4,500 I contributed this year. 256 more words


Ontario pension just a new robbery plan

Re: Short-term pain for long-term gain, The Canadian Press, Dec. 26.

This article is a real government propaganda piece of brainwash.

It quotes the Conference Board of Canada, Mitzie Hunter formerly of the provincial ministry of finance, and David Dodge former Bank of Canada governor. 174 more words


RRSPs and TFSAs: Why, When and How Much?

If 30k dropped into your lap right now, what would you do with it?  Maybe you would spend it.  Or maybe you would consider paying down mortgage or investing.   831 more words

What the new RRIF withdrawal rules will mean for you

By Sheryl Smolkin

By now you may be aware that there are changes to the Registered Retirement Income Fund (RRIF) withdrawal rules in the 2015 federal budget. 652 more words


Help to Buy ISA

The government has announced the introduction of a new type of ISA, the Help to Buy ISA, which will provide a tax free savings account for first time buyers wishing to save for a home. 338 more words

Business News

Feds to look at offering Canadians option to increase CPP contributions

WATCH: After years of resisting reforms to the Canadian Pension Plan, the Tories now say they’re open to the idea of Canadians contributing more if they choose to. 501 more words


Ask the finance expert: TFSA versus RRSP for buying a home

Q: With the increase in the last budget of the Tax Free Savings Account (TFSA) , do you recommend this over using the RRSP Home Buyers’ Plan? 263 more words