The Tax Free Savings Account, a Registered account was introduced in 2008 by the Federal Government of Canada. The account was designed to provide tax-free income. If you are a Canadian resident age 18 or older, you are eligible to contribute to $5,500 a year to a TFSA- this is your annual contribution limit. The […]
RESP Withdrawals: What you need to know An RESP is a very powerful investment tool that can help you save and pay for your child’s post secondary education. There are important rules when it comes to withdrawing funds from your RESP Plan. A breakdown of the plan can help to understand the withdrawal rules and […]