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Canadians who work with an advisor are much more likely to take advantage of tax-registered plans such as RRSPs and TFSAs

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Report debunks common myths behind the recent decline in RRSP contributions

  • By: Leah Golob
  • January 25, 2018 January 25, 2018
  • 13:40

As TFSAs surpass RRSPs in popularity, both vehicles have their place in retirement planning

Thirty per cent of taxpayers contributed to a TFSA in 2015

Canada's tax agency is taking a closer look at accounts with significant balances - and is considering other factors - to determine whether accountholders should be deemed to be carrying on a business

There are several factors that must be taken into account when determining whether a taxpayer’s gains from securities constitute carrying on a business

CIBC Asset Management launches program for affluent investors

The additional taxes are coming from cases in which the CRA believes a TFSA holder may be “carrying on a business” within the account

Respondents estimate they would contribute an average of $4,325 this year

Contributions to TFSAs are rising while contributions to RRSPs are dropping as more Canadians understand the differences between the two investment vehicles

Some clients still are unclear about the rules regarding contribution limits, withdrawals and penalties