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.

When starting a new job, particularly a FIRST job, we always look forward to discovering just how much will be deposited in our account every two weeks. The only important number is the amount of the deposit…or is it?


Canadian youth are heading to college and university in record numbers. As these sons and daughters plan this exciting next step, they may be faced with the harsh reality of a lack of reasonable accommodations. Why not consider buying a student condo for your child as both a solution to the housing scarcity and an investment?

The list is designed to help consumers to make an informed choice about the travel rewards credit card that best suits their needs.

First $5,000, then $5,500 and now $10,000; since the Minister of Finance, Joe Oliver, tabled the latest federal budget on April 21, Canadians are able to contribute almost twice as much to their tax-free savings account (TFSA). This is excellent news, but it is important to know some good strategies on how to use TFSAs.