Article

Group TFSAs

...know about Group TFSAs All TFSA investment earnings are tax-sheltered, but contributions are not tax deductible. As of January 1, 2018, you (or you and your employer) can contribute up...

Article

TFSA basics

Tax-free savings accounts (TFSAs) are designed to help Canadians save more. 9 things to know about TFSAs TFSAs are available to Canadians age 18+. The annual contribution limit is indexed...

Article

Comparing TFSAs and RRSPs

TFSAs and RRSPs both offer tax advantages to help you reach your savings goals. If you can afford it, a good strategy is to contribute as much as you can...

definition

Group TFSAs

A type of workplace savings plans. A group TFSA works the same way as an individual TFSA. While you’ll have a variety of investment options to choose from, you may...

Article

7 TFSA misconceptions

...with the correct information. Misconception #1: TFSAs are just like regular savings accounts. TFSAs can also hold different investment products. In addition to cash, you can have GICs, bonds, stocks,...

Article

TFSAs 101

Part 1: What is a TFSA? (3:02) In this introductory video we learn about who can open a TFSA, and where to open an account. We also learn about...

Article

RRSP and TFSA contributions

Any money you hold in RRSPs and TFSAs is tax sheltered. RRSP contributions are tax deductible, but TFSA contributions are not. Making RRSP contributions You must have “earned income” to...

Article

COVID-19 and Job Loss

...to RRSPs, TFSAs or other savings accounts, multiple streaming accounts simultaneously. Talk to your financial advisor or financial planner If your financial situation changes, it’s always a good idea to...

Article

How are my investments protected?

...coverage limits? For an individual, the limits on CIPF protection are generally as follows: $1 million for all general accounts combined (such as cash accounts, margin accounts and TFSAs), plus...