TFSA vs RRSP – What you need to know!

TFSA – Tax Free Savings Account – It is an account that does not apply taxes on any contributions, interest earned, dividends, or capital gains. Apart from this, it can be withdrawn tax free. RRSP – Registered Retirement Savings Plan – It is a retirement savings plan established by you and it is [...]

Tax-free savings account

We would like to discuss facts about the Tax-Free Savings Account (TFSA). The annual TFSA dollar limit for the year 2019 is $6,000. You can take advantage of TFSA because TFSA is available to all Canadians, 18 years and older. Main benefit of having a TFSA is that any interest, dividends and capital gains [...]