Contribution room accumulates beginning in the year in which a person turns 18
In general, there are three potential outcomes when a TFSA accountholder dies, depending on the preparations made
Investors who may have overcontributed to their TFSAs face harsh penalty tax
The poll also finds that more than one-third of Canadians aren't saving for either type of goal
More of those surveyed had a TFSA than an RRSP
Industry association also wants improved access to variable payment life annuities, among other recommendations
The agency made revisions based on comments received from the tax community
Advisors can play a huge role in helping clients understand how taxes affect their investments
The IRPP suggests policymakers consider tax incentives to encourage Canadians to save more effectively
Issuers are only "joint and severally liable" to a point