Tags » Tax Free Savings Account

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

Savings

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

Money

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

Quick Tip #26 - The Value of Advice

A professional financial security advisor will help you take advantage of opportunities available to you. That’s why 45 per cent of households with an advisor had investments in tax-free savings accounts compared to just 20 per cent of households without advisors.

Day Job

How to re-think your retirement savings for today’s economy

Canadians should either start planning for a lower post-retirement income, or find a way to make their savings grow; that’s the latest advice from Carolyn Wilkins, senior deputy governor of the Bank of Canada. 627 more words

Canada

Need graduation present ideas? Give the gift of a financial plan

Many parents at this time of year may be wondering what to give their child/children for a graduation gift. Instead of giving some of the more traditional gifts such as a watch, bicycle, personalized note cards or school sweater and jacket why not consider giving the gift that will keep on giving for years to come – a financial plan. 623 more words

Money