Some Issues You Might Face by Using a TFSA for Retirement

One of the major issues with a TFSA is also one of the best parts about it: freedom. You can withdraw or contribute at any time with zero hassle! No forms to fill out, no complicated tax issues to resolve, just stay within your contribution limit and that’s it. The problem with using a TFSA […]

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Should I Transfer RRSP’s to a TFSA?

Contrary to what may seem like an obvious answer, once you have money invested with an RRSP, it is better to leave RRSP investments in an RRSP account until you need it or until it is passed on with your estate.

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TFSA RRSP

TFSA or RRSP?

In 2009, the Government of Canada introduced a new financial tool to help Canadians save for the future. The Tax Free Savings Account (TFSA) allows any Canadian over the age of 18 to grow their savings without having to pay tax on accumulations or withdrawals. Money can be withdrawn from a TFSA at any point […]

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