Free Savings Accounts (TFSAs) almost 10 years ago, on 1 March 2015, to encourage South Africans to save and invest more, ...

Since TFSA withdrawals are tax-free, they won’t push you into a higher income bracket or trigger Old Age Security (OAS) clawbacks in retirement. But if you’re younger, the best strategy is to ...

Unlike an RRSP, the contributions and withdrawals to and from a TFSA are not tax deductible, rather the growth of investments inside it are. The amount individuals can put into a TFSA increased last ...

Since TFSA withdrawals are tax-free, they don’t push you into a higher income bracket or, if you’re retired, interfere with Old Age Security (OAS) benefits by triggering clawbacks. But if you ...

Investments within a TFSA grow without incurring taxes, and withdrawals do not trigger tax liabilities. Additionally, any amount withdrawn creates extra contribution room for future years ...

The enjoyment will come later on when you have built serious wealth. TFSA withdrawals are tax-free but avoid withdrawing money unless urgent or necessary. Future TFSA millionaires have long-term ...