Your TFSA contribution room is the maximum amount you can contribute to your TFSA for any given year. Your contribution room and your age affect the amount of contribution room you have.

A tax-free savings account inherited from a spouse is subject to special treatment. Here’s how it may impact the surviving ...

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 ...

With the new year upon us, Canadians can add an additional $7,000 to their Tax-Free Savings Account (TFSA). If you turn 18 years of age in 2025, you can contribute a total of $7,000 to your TFSA.

What are those differences? And how do you know which one is right for you? Let’s look at the TFSA v. RRSP debate and find out. A Tax-Free Savings Account (TFSA) is a tax-advantaged savings ...

Take advantage of new TFSA changes to get wealthier. Whether you are new to investing or a veteran, the TFSA can help you accumulate wealth quicker. With the new year upon us, Canadians can add an ...

We have included definitions of some of the terms used in this guide in the Definitions section. You may want to read this section before you start. For more information on how to file your TFSA ...

The Tax-Free Savings Account (TFSA) is a great tool for Canadian investors, allowing you to grow investments without paying taxes on interest, dividends, or capital gains. Taking full advantage of the ...

Tax credits A benefit that lowers your taxes owed by the amount of the credit. This calculator assumes credits entered are nonrefundable. Many, or all, of the products featured on this page are ...