This year you get an extra $7,000 worth of TFSA room. You can use it to hold iShares S&P/TSX 60 Index Fund (TSX:XIU) tax-free ...

Canadians can save, invest, and not pay taxes on investment income ... Also, now is a good time to utilize your TFSA. On January 29, 2025, the Bank of Canada announced a 0.25% reduction in its ...

Both residents and non-residents of Canada can open a TFSA so long as they meet the other eligibility requirements. However, non-residents may be subject to a 1% tax on some contributions.

If you’ve run out of RRSP and TFSA room already, here’s how to grow your savings in Canada—without monthly ... which offer powerful tax advantages. If you’re saving up a retirement nest ...

The federal government introduced the Tax ... Account (TFSA) in 2009, 52 years after creating the Registered Retirement Savings Plan (RRSP) in 1957. However, even if the TFSA came belatedly, it has ...

The Tax-Free Savings Account (TFSA) is one of Canada’s most powerful wealth-building tools, offering tax-free growth on investments. Whether you’re a seasoned investor or just starting, 2025 presents ...

Kevin Nishmas is an expert financial content writer with a long and successful history of working with Canada's largest financial institutions. His knack (and passion) for transforming complex ...