Since it was first launched in 2009, the Tax-Free Savings Account (TFSA) has been an unqualified success. The proof: some 8.2 million Canadians currently hold this investment vehicle, which allows them to grow their savings tax-free and pay no income tax on withdrawals. But if an RRSP and a TFSA provide the same return, would the TFSA always be the better choice for everyone? Here follows a description of the advantages of TFSAs in each of the four cycles of life.

The low savings rate among Quebec workers motivated the provincial government to introduce legislation requiring all businesses with more than five employees to set up a retirement savings plan.

One of Canada’s top 50 wealthiest people, John McCall MacBain, provides insight into some of the basic financial strategies of a billionaire.


The Voluntary Retirement Savings Plan (VRSP), which was introduced in Quebec on July 1, 2014, is designed to enable a large number of Quebec workers to plan their retirement income.

Global equities and the euro rallied on Friday after a Greek government official said euro zone ministers and Greece agreed on a draft accord that could extend a loan agreement to help Greece avoid bankruptcy. However, officials stressed that there was as yet no formal agreement in the full meeting of the Eurogroup of 19 finance ministers.

On June 22, National Bank will offer clients access to the world of responsible investment with the launch of its new guaranteed investment certificate (GIC), the Socially Responsible GIC – Canadian Market. This tangibly demonstrates the Bank’s commitment to social responsibility and its desire to allow all investors to act on their environmental, social and governance (ESG) concerns. This GIC is a brand new way to make equitable investments, without compromising on returns!

While tax-sheltered vehicles like RRSPs have been around for many years and are part of the Canadian investor lexicon, people are less familiar with the workings of a Tax-Free Savings Account (TFSA), which only came into effect in 2009.