All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
A simple guide to investing your first $500 Jan 22nd
For many young Canadians, the barrier to entry for investing feels impossibly high. Between student loans, rising rent, and the cost of living, scraping together a starter fund can seem daunting. Yet, as little as $500 to $1,000 is sufficient enough to begin building the habits that create long-ter.... More »
Calgary restaurant owners jailed for financial abuse of temporary foreign workers - CBC Jan 7th
Calgary restaurant owners jailed for financial abuse of temporary foreign workers CBCCalgary restaurant owners handed jail terms for taking advantage of immigrant workers Calgary Herald.... More »
Why 2026 could be a year to rent, not buy + MORE Jan 28th
The “new year’s special” advertising a two-bedroom unit at a midtown Toronto highrise might be what draws you in when searching for your next home—an offer for up to three months of free rent, plus a $500 “move-in bonus.” Or perhaps a year of complementary internet, on top of two mon.... More »
Canadians fear a tougher road to retirement—and plan to help their kids along the way Feb 10th
Canadians are going into this year’s RRSP season in a somewhat pessimistic mood. Two-thirds say it will be more difficult for them to save and invest for their retirement than it was for their parents, according to BMO’s latest Retirement Survey.
Canadians expect a tougher retirement than the.... More »
How do you take RDSP withdrawals? + MORE Jun 12th
Registered disability savings plans (RDSPs) were created in the 2007 federal budget, and the first accounts were opened in December 2008. It took a while for financial institutions to offer them and, even now, you cannot open RDSPs everywhere.
Most Canadians with RDSPs have only ever deposi.... More »
TFSA contribution room calculator
– moneysense.ca
Tax-free savings accounts (TFSAs) are one of the most popular tools for retirement savings. Since you contribute funds that you’ve already paid taxes on, you’ll enjoy tax-free growth. However, the government places limitations on how much you can contribute every year and overall. This is known as your contribution room, or limit.
Check out our contribution room calculator to see where you stand with your TFSA contributions:
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What is a TFSA?
A TFSA is a savings account that acts like an investment account, which generates tax-free income. Qualified investments include cash, guaranteed investment certificates (GICs), mutual funds, exchange-traded funds (ETFs), bonds, and stocks. The government oversees TFSAs, but banks and financial institutions administer them.
There are three types of TFSAs you can open:
Deposit TFSA: This is what most people think of when they consider a TFSA. A bank or credit union holds the savings account or GIC and you make deposits…
