Making the most of your TFSA
A Tax-Free Savings Account (TFSA) can help you grow your savings faster than an ordinary savings account. Fidelity can help you navigate the details and benefits of TFSAs, so you can achieve your financial goals faster.
Advantages of a TFSA: What you should know
One of the many advantages of a TFSA is the ability to grow investments that can be used at any time and for any purpose, without incurring tax penalties.
Why you should use a TFSA to save for retirement
More and more retirees are discovering that Tax-Free Savings Accounts (TFSAs), although generally underutilized, are a key component of a well-rounded retirement plan. Here’s why.
Are you making this common TFSA mistake?
If you’re only using your Tax-Free Savings Account (TFSA) to hold cash, you could be missing out on big tax savings that come from holding investments that grow in value over time.
Investing 101: TFSAs
A Tax-Free Savings Account (TFSA) allows you to save for all your shorter- to longer-term goals, from an annual vacation to buying a home, on a tax-free basis. We break down the basics of a TFSA to help you navigate this investment account option.
Why first-time homebuyers should use a TFSA for their down payment savings
The road to homebuying may be bumpy, but a Tax-Free Savings Account (TFSA) can help pave the way.
TFSAs vs. RRSPs: Deciding is easier than you may think
As you finish school, get a job and start a family, saving for the future becomes increasingly more important. Here’s why a TFSA is a good place to start.
Regardless of what you are saving for, a Tax-Free Savings Account (TFSA) is a great way to save for any financial goal – a long-term goal such as retirement or a short-term goal such as a car or a vacation.
Estate planning and TFSAs
After the holder of a TFSA dies, there may be possible tax implications, depending on the individual situation and beneficiary designations.