Unlock the potential of your TFSA. Discover how smart contributions and withdrawals can enhance your financial planning. Wealthy individuals prioritize maximizing TFSA contributions over RRSP for long ...

Using the TFSA (Tax-Free Saving Account) is a great way to maximize your portfolio returns over time. The TFSA protects you from tax. By not paying tax on your income, you can improve your annual ...

Courtney Reilly-Larke is the deputy editor of Forbes Advisor Canada. Previously, she was the associate editor of personal finance at MoneySense. She was also managing editor of Best Health Magazine ...

Your TFSA is a great place to hold bond funds like iShares Core Canadian Universe Bond Index ETF (TSX:XBB). Your “TFSA contribution room” is the amount of money you can contribute to a TFSA. It ...

The tax-free savings account is a great wealth-building tool, but it’s sadly misunderstood. Here are seven TFSA features Canadians should know. After 15 years of conversations with blog readers and ...

Each Jan. 1, Canadians get fresh contribution room in their tax-free savings accounts. Find out this year’s contribution limit, the overall limit and more. The tax-free savings account (TFSA) is one ...

A Tax-Free Savings Account (TFSA) is an effective way to grow wealth in Canada. When you buy and hold stocks within a TFSA, the capital gains and dividends you earn are completely shielded from taxes.

The Canada Revenue Agency told me to try again later when I logged into its My Account website, looking for information on my TFSA contribution room. That was in May, when I was researching a column ...

The TFSA dollar limit will be $7,000 in 2025, matching the 2024 amount. That means the total contribution room available next year for someone who has never contributed to a TFSA and has been eligible ...

TFSA information, which has been unavailable in Canada Revenue Agency (CRA) portals, is now available for most taxpayers, the agency says. “We have resolved most issues that made Tax-Free Savings ...

The TFSA contribution limit for 2025 is $7,000. If you contribute more than this annual ceiling to your tax-free savings account, you must pay a penalty until you withdraw the surplus amount. Many or ...