What is a TFSA? Tax-Free Savings Accounts are a savings mechanism introduced by the federal government in 2009. They are meant to encourage people to save by allowing deposits inside…
Tag: tfsa
Income Splitting
What is income splitting? Income splitting is a tax-reduction strategy in which a taxpayer divides income or wealth with lower-income family members so that income is taxed at lower rates…
TFSA Limit Increase for 2013 (Revised: May 2015)
Article written by Jennifer Black and Dedicated Financial Solutions. TFSA Limit Increase for 2013 As of April 24, 2015, Canadian residents 18 and older (19 in some provinces and territories)…