If you are 18 or older, you got $7,000 worth of TFSA contribution room on January 1 of this year. If you turn 18 later in the year, you will get the contribution room on your birthday, when you become ...

Did you know that up to $109,000 worth of tax-free savings account (TFSA) contribution room is available in 2026? Last year, the Federal Government approved a $7,000 increase to Canadians’ TFSA ...

If you had deposited $7,000 in your TFSA in 2006 and invested in the iShares of the S&P/TSX 60 Index Fund (TSX:XIU), it would have gone a long way. The Federal government added $7,000 worth of TFSA ...

The Tax-Free Savings Account (TFSA) remains one of the most powerful wealth-building tools for Canadians. It arrived much later than the Registered Retirement Savings Plan (RRSP), although its utility ...

The striking detail is the big amount of unused TFSA contribution room for Canadians at age 40–44. Let’s start by aiming to maximize your TFSA, followed by investing selectively. Canadians aged 40–44 ...