The Ultimate Guide to TFSAs
A tax-free savings account (TFSA) is a Canadian account and does precisely as the name suggests; it offers a tax break on your contribution income. That means thousands of dollars each year that you can put into your TFSA to grow tax free. And when you withdraw it? It is still tax free. The contribution […]
What is the Roth IRA equivalent in Canada?
If you’re looking for a retirement savings plan, you may be wondering if there’s an equivalent to the popular Roth IRA (individual retirement account) in the United States. The answer is yes, and it’s called the Tax-Free Savings Account (TFSA). Understanding the Roth IRA in the United States The Roth IRA is a popular retirement […]
Avoid Making a Big TFSA Mistake and Do This Instead
Sponsored by BMO Global Asset Management The Canadian social media influencer has 117,000 TikTok followers, whom she teaches how to manage money. Actually, she focuses on teaching Canadians to use financial tools the right way. Cassandra believes the Tax-Free Savings Account (TFSA) is one of the most underutilized and misused tools for wealth creation. According […]