tax-free savings account

Tax-Free Savings Accounts (TFSAs) are catching on in Canada, with more than four in 10 Canadian households already contributing to one, according to the latest Census. Unfortunately, some investors are missing out on the full benefits … Read More

There are a number of things you can do to become financially responsible, such as having an emergency fund for unexpected expenses. While that’s common sense, there are some other personal rules that will help keep … Read More

*All rates current as of April 24, 2019. A Tax-Free Savings Account (TFSA) is a type of savings tool designed to shelter your savings from taxes. While the name implies that a TFSA is a savings … Read More

So, you find yourself with a tax refund. Now, the money is in your account and you’re wondering, what’s the best way to use this? To help you make the wisest choice, we’ve consulted with Liz … Read More

We are once again proud to release our second annual Personal Finance Awards. This year’s edition looks at the best of bank accounts and guaranteed investment products of 2018. See who won the titles of the top chequing accounts, savings accounts and GICs in 2018.

Saving for your child’s post-secondary education is one of the many financial pressures parents face. And when your child’s tuition will cost tens of thousands of dollars, you don’t want to give up a huge portion … Read More

Are you having trouble maxing out your TFSA every year? Join the club. A recent BMO survey found Canadians contributed $4,592 to their TFSA last year—a decline of 17% from 2015.

Baby boomers have been among Canada’s most efficient savers. They’ve taken solid advantage of RRSPs and corporate pension plans that require contributions from monthly paycheques. In some ways, it seems counterintuitive to look at savings opportunities … Read More

It’s a conundrum. Young people trying to make it on their own face a lot of expenses at a time when they’re not generally earning much. And, yet, the best time to start saving is when … Read More

TFSAs are a great savings vehicle, but a couple of quirks make it possible to accidentally over-contribute—a mistake that incurs tax penalties.