The Tax-Free Savings Account (TFSA) is one of the strongest tools wealthy people use for tax planning, retirement planning, and estate planning. The wealthy build a good understanding of the TFSA ...

The TFSA dollar limit will be $7,000 in 2026, matching the limit of the past two years, as shown on the Government of Canada website. That means the total contribution room available next year for ...

Over-contributing can trigger a 1% per month CRA tax, so confirm your room before adding more money. Non-residency contributions and frequent “business-like” trading can create unexpected TFSA tax ...

The average Canadian TFSA at age 50 is significantly underutilized, highlighting a major missed tax-free growth opportunity.

TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) transfer-out fee — from $75 to $150 per account — starting July 1, ...