Investing

Since their introduction in 2009, tax-free savings accounts (TFSAs) have been a popular way for Canadians to save and invest for their future …

Every Canadian should have a plan, regardless of how old they are. However, it’s necessary to approach the decision of whether you should start saving or investing your money carefully by evaluating your current financial situation first.

Conventional wisdom says you should pay your mortgage off as soon as possible. But paying down your mortgage early is not always the best idea – here’s why.

For Canadians who are worried about the effects of the COVID-19 response, these programs welcome relief in the short-term. But a recession appears inevitable, and may already be underway. For the long-term, that means potential implications for your retirement savings and overall wealth. But the implications aren’t necessarily negative.

This article provides more information on the effects of chronicles, the timeline of the effects of Coronavirus on the stock market, the Canadian economy and recession, and further insight on financial precautions that you can or consider in the interim.

Many Canadians who own a Tax-Free Savings Account (TFSA) are well-aware of the fact that the account shelters their savings from taxes, but many don’t recognize how many types of investments a TFSA can actually hold.