Account holders remain confused about the investments they can hold in a TFSA
With interest rates low, does it still make sense to pay down debt? Or is contributing to an RRSP, or even a TFSA, a wiser choice? Jamie Golombek offers his advice.
With no attribution, a family can contribute more to TFSAs
More than half of Canadians still haven’t opened a Tax Free Savings Account
A small percentage of professional investors may be subject to significant tax penalties if they abuse their accounts in tax-avoidance schemes. Most clients, according to tax officials, need not worry
Many holders of TFSAs get caught overcontributing because they don't understand the rules. More education by financial advisors, institutions and the CRA is needed
CRA sends out warning letters reminding Canadians of contribution rules
The Tax Free Savings Account is an effective way to save for both short- and long-term goals,
Differing attitudes of women and men about savings and investments have a real impact on their financial futures
Tax-free savings accounts are estimated to have cost Ottawa $220 million in lost revenue in 2011