As of January 1st, adults in Canada can add another $7,000 in contribution space to their tax-free savings accounts (TFSAs).

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

Today, $7,000 is not an ordinary figure and is significantly popular among Canadians. The amount matches the annual Tax-Free ...

A $7,000 TFSA can grow to $50,000 with a high-yield stock and dividend reinvesting for tax-free money growth. The post How it ...

These three monthly-paying dividend stocks can boost your passive income. The post How I’d Turn a TFSA Into $300/Month in ...

The Canada Revenue Agency (CRA) collected $166m in Tax-Free Savings Account (TFSA) over-contribution penalties in 2024 — a ...

EIT.UN is one of Canada’s largest CEFs, holding a roughly 50/50 mix ... For simplicity, EIT.UN is best held inside a Tax-Free Savings Account (TFSA), where you don’t have to worry about the tax ...

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These stocks offer high yields and have increased dividends annually for decades. The post Retirees: 2 High-Yield Dividend ...

Financial professionals are calling on the Canada Revenue Agency (CRA) to make changes to its TFSA overcontribution reporting following problems with My Account, CRA’s online platform. TFSA ...

I am the editorial director, international, for Forbes Advisor. I have been writing about all aspects of household finance for over 30 years, aiming to provide information that will help readers make ...