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Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
The best high-interest savings accounts in Canada for 2025 + MORE Dec 22nd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Stock market news for investors: Cineplex, Roots and Delta report earnings + MORE Apr 9th
Here’s a round-up of news for Canadian investors this week.
Cineplex
Roots
Delta Air Lines
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 2.00% inte.... More »
Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'? Jun 9th
The province is funding the investment through the Build Ontario Fund, a Crown agency with a mandate to invest in needed infrastructure that makes a profit..... More »
I hate working: What can I do about it? + MORE Jan 29th
Feeling drained, unmotivated or generally unenthused at work? You’re not alone. Many young people, particularly Gen Z, are grappling with job dissatisfaction and financial stress and wonder if they are destined for a loveless work relationship.
With the pressure to succeed on top of a competiti.... More »
What types of tax-free savings accounts (TFSAs) exist?
– moneysense.ca
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributions to your TFSA from your income tax, so you will have to pay income tax on that initial money. But as long as you adhere to TFSA guidelines, you won’t pay taxes on any earnings made within the TFSA, not even when you withdraw it. Plus, you can withdraw as much as you want at any time.
There’s a specified limit to how much money you can put inside a TFSA. For 2024, the annual TFSA contribution limit is $7,000, and for 2025, it will be $7,000. As of Jan. 1, 2025, there is a lifetime maximum of $102,000 for those who were 18 or older as of 2009. The good part is that any unused contribution space and any amount that you withdraw from your TFSA becomes available to you as contribution room in the next calendar year…
