TFSA

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

We've got lots of articles on the TFSA, but we bet you're looking for one of these:

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!

December 9, 2020

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…

November 25, 2020

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…

February 7, 2020

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…

January 6, 2020

The TFSA Explained

The Tax-Free Savings Account annual contribution limit has been is $6,000 for 2020. Here is the 2020 TFSA Explained, so you can make the most of your money in the…

September 30, 2019

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…

June 7, 2019

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…

May 27, 2019

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…