The bottom line is that the TFSA provides flexibility for Canadians. But just because the account is tailor-made for short-term savings objectives doesn’t mean long-term savers should be overlooking ...

She will be entitled to a pension of $45,600 a year, owns a mortgage-free house in an Ontario university town and a second ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

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 ...

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 optimize ...

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 ...

National Treasury introduced tax-free savings accounts in 2015 to improve the overall savings rate of South Africans.

A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?

Since your investments can grow within your TFSA, having a book value that exceeds the contribution limit is possible. Additionally, since you can recontribute any withdrawals the following year ...

There are two benefits to RRIF withdrawals that may or may not be applicable ... ask to have the fees for your RRSP and TFSA drawn from the LIF. If you are moving your LIF to an RRSP or RRIF ...

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 ...

Showing your young adult kids how to file a return helps to demystify taxes, set up a good financial habit and teach them ...