TFSA vs RRSP: which should I contribute to? With a tax-free savings account (TFSA) available for saving in a tax-free environment, does it still make sense to contribute to a registered retirement savings plan (RRSP)? Tax-Free Savings Account (TFSA) – The TFSA program began in 2009. It is a way for individuals age 18 or… Read more »
AFS Insights: Building Wealth
3 important dates to put in your personal finance calendar Jan. 1: TFSA contribution limit extension Tax-free savings account holders can start the New Year by contributing another $6,000 to their TFSAs. If you withdrew money from your TFSA in 2020, that contribution space can also be reclaimed. The CRA provides personal individual limits in… Read more »
At the start of a new school year, there are plenty of things to keep parents with young children busy (even busier than usual!). Shopping for school supplies, establishing new routines, and managing those first few anxious weeks as your children adjust to new teachers and new classmates can be exhausting. But each September you get… Read more »
Starting this week, the majority of Canadian families with children under 18 will begin receiving tax-free Canada Child Benefit (CCB) payments. Click here to learn more about this new program.