This strategy reduces capital risk while still providing attractive yield. The post How to Manage $35,000 in Your TFSA Investment Account During Retirement appeared first on The Motley Fool Canada.

If you’re trying to decide between opening a tax-free savings account (TFSA) and a traditional savings account, you need to read this.

Here’s a realistic look at how much you’d need to invest in the right dividend stocks to pull $800 a month from your TFSA.

Next is the withdrawal rule. This isn’t new, but the CRA made a point of clarifying it again in 2025. Any money you take out ...

A tax-free savings account (TFSA) can be used to tax-shelter your investment and the interest earned inside this account. You can contribute up to $7,000 in 2025.

To open a TFSA, you need to be at least 18 years old and have a Social Insurance Number (SIN). To start an RRSP, you must be less than 71 years old, be a Canadian resident, earn an income and file ...

Maury decides to open a TFSA when he’s 18, and he contributes the maximum every year. By 2023, he would have contributed $88,000 — the maximum lifetime limit. Now, let’s say Rachel opens a ...

As of the 2016 tax year, 30 individuals held tax-free savings accounts ... These investors are also incredibly rare, accounting for 0.002 per cent of the 13-million Canadians with a TFSA.

The tax-free savings account is a great wealth-building tool, but it’s sadly misunderstood. Here are seven TFSA features ...

A tax-free savings is an investment account and tax shelter – the means, as soon as money enters the TFSA, gains become off-limits to the CRA. The money in a TFSA can grow tax-free for the ...

Opening a TFSA at EQ Bank is simple, and the process is completely digital. The account has no minimum balance or monthly fees. It also pays 1.75% interest on your savings.