Showing by category: TFSA

TFSA Basics: Contributions and Withdrawals
In 2009, the Tax Free Savings Accounts (TFSA) was introduced and based on what I see as a financial educator, they are really gaining momentum.  Despite the growing popularity, I continue to meet peo [more]
New TFSA Limits for 2016
The 2015 federal budget, announced in April 2015, included a significant increase in the TFSA contribution limit for 2015. While it’s possible to argue that the changes really only benefit wealthier [more]
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]