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The new Tax-Free Savings Account (TFSA) contribution limit for 2021 has now been released, and it is $6,000, which is consistent with the previous two years. This will bring the TFSA dollar limit from $69,500 to $75,500. If you have previously withdrawn from your...
The term Tax Free Savings account (TFSA) is a misnomer in that it implies that it must be a “Savings” account that is held within your TFSA. In reality, a TFSA is just a type of investment account where you can hold almost any kind of investment with the benefit being...
The introduction of the Tax Free Savings Account (TFSA) by the Canadian Government will become the most important savings vehicle for clients since RRSP's. The initiative will allow Canadians to save money and watch their savings grow TAX FREE. How does the TFSA work:...
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Optimism encourages a long-term prospective, it reduces emotional reactions, promotes discipline, helps you view challenges as temporary setbacks, and allows you to ride out periods of...
As our neighbours to the south go to the polls early November, we thought that it would be timely to look at the impact that US Elections have had on your investments and financial markets as a...