Those at or near retirement need to account for slightly higher tax brackets for 2025, as well as higher Basic Personal ...

Since the introduction of the TFSA, lots of Canadians have been hit with TFSA over-contribution penalties because of a misunderstanding of some contribution rules. Related article: Problems with ...

The EQ Bank TFSA offers competitive interest rates, charges no fees, and requires no minimum balance. However, the EQ TFSA is only for savings and GICs, not other investments. Many or all of the ...

For those entering or already in their 60s, the focus of Tax-Free Savings Account (TFSA) usage shifts from accumulation to income generation and capital preservation. This decade often marks the ...

While it is theoretically possible for a TFSA to reach $100 million in a lifetime, a lot can go wrong in that time. (Credit: Getty Images/iStockphoto files) The 1993 Barenaked Ladies hit song If I had ...

But savers can still build wealth, especially if they are savvy about how they do so. The question is how much is possible. Take the tax-free savings account (TFSA). Under the right circumstances, it ...

Your Tax-Free Savings Account (TFSA) contribution room is set to increase in 2025. Last month, Parliament approved $7,000 worth of additional TFSA contribution room for the upcoming year. That means ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The EQ Bank TFSA stands out as the ...

Since its establishment in 2009, the Tax-Free Savings Account (TFSA) has been instrumental in Canadians’ financial planning, offering an effective method for tax-free asset growth. By 2024 ...

If we love tax-free savings so much, why are there so many TFSA orphans? There were 28.2 million TFSAs as of 2022, the most recent year for which there is data. In 14.3 million of them ...