Showing by category: TFSA

Who will use Tax Free Savings Accounts?
The government introduced Tax Free Savings Accounts (TFSAs) in the 2008 Federal Budget but will Canadians use these accounts? Will people be encouraged to save more money with the introduction of TFSA [more]
TFSA vs RRSP:  Why not do both?
Since TFSAs were introduced in 2009, there has been a lot of great debates over the RRSP and the TFSA.  Here are some examples of the TFSA vs RRSP debate: My article on the new debate betwe [more]
Refreshing the basics of a Tax Free Savings Account
I recently met with a client who had many questions about a Tax Free Savings Account (TFSA) and how it works. Later, I met with a young man to set up his first TFSA. Then I returned to the office an [more]
Investing your TFSA
Sometimes, the TFSA is misunderstood.  One common misunderstanding is how many people think the Tax Free Savings Account (TFSA) is just a savings account.  After all, the ‘SA’ in TFSA stands for [more]
Why are so many Canadians Over-contributing to the TFSA
The Tax Free Savings Account (TFSA) was first introduced in 2009. My personal opinion is that the TFSA is one of the best financial tools devised in a long time. It allows for contributions and tax f [more]