Tags » Tax Free Savings Account

The humble Tax Free Savings Account – Retirement Supercharger?

When the tax free savings account vehicle (TFSA) was introduced in 2015 it was done with the intent of allowing South Africans to save more money. 1,329 more words


Opening a Tax Free Savings Account

As you begin your investing journey, you may be wondering where you should keep your money. Banks offer many savings accounts with different yields and interest rates. 442 more words


The RRSP vs. TFSA debate & Why We Miss the Point

If you live in Canada, then you are familiar with the RRSP vs. TFSA debate.  The on-going debate of which is a better option for long-term retirement planning, an RRSP or a TFSA? 1,508 more words


Getting ready for retirement, what you need to know about RRSPs

A new study commissioned by H&R Block suggests that only one in five people will contribute to a RRSP before this year’s deadline.

Clint Gifford, a partner with… 333 more words


Canadians have amassed $150 billion in TFSAs but Ottawa won't let them invest it in small businesses

Canadians have amassed $151.6 billion in the tax-free savings accounts and a Montreal groups says Ottawa needs to loosen guidelines to allow that cash to be invested in small businesses. 508 more words

Personal Finance

Tax Free Savings Accounts: A Wasted Opportunity

Tax Free Savings Accounts (TFSAs) allow you to shelter investments from tax so they can grow tax free. Presently, you get $5,500 annually in contribution room, starting at age 18, which is indexed to inflation and increases over time. 336 more words

Personal Finance