Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Do you know your TFSA from ...

CRA data shows 352 TFSA holders have topped $1M despite cumulative limits (to 2025: $102,000; to 2026: $109,000) by consistently maxing contributions and investing in income‑producing or high‑growth ...

Every Canadian aged 18 or older who opens a Tax-Free Savings Account (TFSA) is a potential millionaire in the making. Data from the Canada Revenue Agency (CRA) confirms that, as of late 2024, 352 ...

TFSAs allow Canadians to earn investment income tax-free, which can significantly accelerate long-term growth. The cumulative contribution room increases annually, and unused room carries forward ...

Using a TFSA as a mere savings account is a terrible idea. Proper use of the account can create a comfortable retirement for Canadians — but you have to invest money in the account to unlock its full ...

If you’re not among the few who max out their TFSA every January 1, these new year TFSA tips can help you avoid penalties and make smarter moves. Tax-free savings accounts (TFSAs) are useful tax tools ...

Canadians can use their TFSA to build their own income fund. GICs provide risk-free options to get income that is currently above the rate of inflation. Dividend stocks can offer attractive yields and ...

A: The first step in determining whether a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA) is the best vehicle for saving for retirement is to anticipate how your tax ...

Overcontributions to tax-free savings accounts (TFSA) continue to be a big problem for thousands of Canadians, as well as a source of increasing tax revenue for the Canada Revenue Agency (CRA) as it ...

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 ...

The tax-free savings account is a great wealth-building tool, but it’s sadly misunderstood. Here are seven TFSA features Canadians should know. After 15 years of conversations with blog readers and ...

TFSA information, which has been unavailable in Canada Revenue Agency (CRA) portals, is now available for most taxpayers, the agency says. “We have resolved most issues that made Tax-Free Savings ...