With hundreds of GICs to choose from and a variety of Canadian financial institutions that offer them, we decided to narrow down our top GIC picks for your TFSA. The following are the best TFSA ...

High-interest savings account (HISA): HISAs are suitable for short-term or long-term investing if you’ve maxed your TFSA contribution limit for the year. You might consider saving in a HISA if ...

This year you get an extra $7,000 worth of TFSA room. You can use it to hold iShares S&P/TSX 60 Index Fund (TSX:XIU) tax-free. The post TFSA: Your Complete Guide to the $7,000 Contribution Room in ...

If you have unused contribution room, now is the time to plan ahead and take advantage of the new TFSA limit for 2025. Even if you haven’t maximized past contributions, any unused room carries forward ...

You can discover how much contribution room you have in your personal TFSA by logging on to your “My Account” on the CRA website. Currently, the lifetime cumulative contribution limit (as of ...

Statistics Canada’s latest figures looked at the 2022 contribution year and, while it did not break down ages by generation, looking at those aged 29 and under (roughly capturing generation Z), it ...

In such cases, contributing to a tax-free savings account (TFSA) may make more sense. Although you won’t get a tax deduction for TFSA contributions, you also won’t pay taxes on any growth or ...

In this article, I’ll explore the TFSA contribution limit for 2025 and how to put it to use. As mentioned previously, the TFSA new contribution room for 2025 is $7,000. That means that those who ...