Good Educational Tax Free Savings Account (TFSA) Articles
Tax Free Savings Account, TFSA, is a great savings plan. Below is a collection of what I consider good educational articles about the TFSA. If you have further questions, please contact me.TFSA assets rise 8% year over year, CRA says
Canadians held a total of $298.1 billion in their TFSAs in 2018, with the average TFSA holder having $20,292, according to statistics released by the Canada Revenue Agency (CRA)…read more
2021 TFSA limit announced
The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019 and 2020.
When Not to Contribute to a TFSA
A TFSA isn’t the holy grail of investing. Learn five situations when it may not be the best use of your money…read more.
The Tax-free Savings Account is Starting to Grow Up
Introduced in the 2008 federal budget and coming into effect on Jan. 1, 2009, the TFSA has become an integral part of financial planning in Canada, with the lifetime contribution limit set to reach $52,000 in 2017, provided you were 18 at the time it came into existence.…read more.
Make your money grow faster by investing at the top of the year
When it comes to saving through registered savings plans, most of us make two very costly mistakes: we tend to contribute too little and too late in the year to get the full benefit of tax-free compounding. It is costing you money —and we’ll prove it….read more
