Kevin Nishmas is an expert financial content writer with a long and successful history of working with Canada's largest financial institutions. His knack (and passion) for transforming complex ...

For example, EQ Bank’s TFSA Savings Account pays 2% interest on cash savings. If you do end up overcontributing to your TFSA, know that the CRA charges a penalty tax of 1% per month on the exces ...

However, if cash is what you want, pick a TFSA like those listed below, which offer superior interest rates on the money you hold in the account. The EQ Bank TFSA savings account has a competitive ...

NerdWallet Canada selects the best high-interest tax-free savings accounts based on several criteria. Factors in our evaluation methodology include annual percentage yields, minimum balances ...

Discover current average interest rates on savings accounts, and current rates for different types of savings accounts at ...

By investing $15,000 in solid dividend stocks in your TFSA, you can start your cash-generating tax-free machine!

A tax-free savings account is still one of the best ways to save to reach your long-term financial goals. “This is an incredible gift if used to its maximum. Just picture how powerful the ...

There are substantial penalties for failure to file this form, as one taxpayer recently found out in a tax case decided last ...

The Royal Bank of Canada (RBC) is Canada’s biggest bank. Like the majority of banks in Canada, it offers a tax-free savings account (TFSA), which comes with features and benefits set out by the CRA.

Your returns on TFSA investments are tax-free ... easy and can often be done in as little as five minutes. To open a bank account, most financial institutions require account holders to be ...

Joint bank accounts are useful for couples, families, and anyone who wants to share finances with another person. Joint bank accounts work like standard savings or checking accounts. The only ...