Bump-Up for TFSA in 2015 Doesn’t Have to Wait for the Budget to be Passed
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Bump-Up for TFSA in 2015 Doesn’t Have to Wait for the Budget to be Passed

Canadians are free to top up their 2015 tax-free savings account contribution without fearing any sort of penalty, bank officials said Thursday. The government’s budget released Tuesday increased the annual contribution limit to TFSAs from $5,500 to $10,000 and made it effective to Jan. 1, 2015. Following the announcement there was confusion about whether Canadians […]

How to Invest in Retirement
Featured Investing

How to Invest in Retirement

What happens to your RRSP when you retire? Prior to retirement, people maximize their contributions to their RRSPs, top up their children’s RESPs and put whatever is left over into their TFSAs and non-registered accounts. Once they hit retirement, the mystery about investing their savings to draw an income while unravelling these plans begins, and […]

RRSP Ages and Stages
Featured Personal Finance

RRSP Ages and Stages

Everyone knows it’s RRSP season, but what’s less obvious is how to best direct your contributions over the years. Different ages and life stages call for different strategies. There’s an overarching theme, though: anything you can put toward your retirement is a good thing. “When it comes to contributions, it’s a journey, not a sprint,” […]

6 Rules for Novice Investors
Featured Investing

6 Rules for Novice Investors

I recently began volunteering with an organization called Girls Inc., one of whose valuable programs that teaches teen girls the basics of investing and money management. By the end of the program, the girls will be competently managing a full-blown investment portfolio. Sadly, that’s something that most adults are unable to do. Most novice investors […]