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Jan
22
Should I Contribute to a TFSA, RRSP or Both? The Registered Retirement Savings Plan (RRSP) was introduced in the 1950s as a means for Canadians to save for retirement. Since that time, the RRSP has become a staple of retirement savings largely because of the tax-deferral opportunities it provides. Given that tax-efficiency continues to be […]
Jan
10
The TFSA new contribution limit for 2020 is $6,000, matching the amount set for 2019. The total contribution room available in 2020, for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is $69,500. The annual TFSA dollar limit is indexed to inflation and rounded to the nearest […]
Jan
15
Reward yourself with 3.00%* interest on new RRSP & TFSA contributions As tax time is fast approaching, the sooner you can make your RRSP and TFSA contributions, the more you’ll earn. Manulife Bank is now offering a low-risk high-reward interest rate that will help you get more for your money. Let’s get you saving instead […]