TFSA stands for Tax-Free Savings Account and is a tax-free way of putting money aside for your financial goals.

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Don’t let the name fool you! Your TFSA doesn’t have to be a savings account. You can (and should) use this account to invest in the stock market. You can open a TFSA to hold stocks, bonds, ETFs and more, to supercharge your long term savings and meet your lifetime financial goals!

The 2021 TFSA Explained

The TFSA Explained

The Tax-Free Savings Account annual contribution limit is $6,000 for 2022. Here is the 2022 TFSA Explained, so you can make the most of your money in the New Year.…

EQ Bank now offers TFSAs and RRSPs

Your favorite high-interest bank is now offering registered accounts! EQ Bank launched Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) just last week. You can now earn their…
2021 TFSA limit

The New 2021 TFSA Limit is $6,000

It’s what we were expecting but now it’s been officially announced: the new 2021 annual contribution limit for the TFSA is $6,000. The $6,000 annual limit is the same as…
screwing up TFSA

6 Ways Everyone is Screwing Up their TFSA

Using a Tax Free Savings Account can be one of the best choices for you financially. The TFSA allows you to earn tax-free investment income on the money you put…
max out tfsa every year

10 Strategies to Max Out Your TFSA Every Year

The Tax-Free Savings Account (TFSA) has an annual maximum of $6,000 in 2021, and a lifetime maximum of as high as $75,500 depending on the year you were born.  How…
calculate your TFSA contribution limit

How to Calculate Your TFSA Contribution Limit

The Tax-Free Savings Account is one of the best investment vehicles available to Canadians, but only if they put it to good use! Here’s how to calculate your TFSA contribution…
million dollar tfsa

How to Build a $1 Million Dollar TFSA

Retirement might not be a top-of-mind concern for a 20- or 30-something, but these are your best years to save for future you. Thankfully, it’s ridiculously easy to create a…