As Canada's premiers prepare to meet in St. John's this Wednesday, new data shows that most Canadians can't afford to save more for retirement, and wouldn't put any extra money into the CPP or QPP if they could.
The TFSA contribution limit increase to $10,000 per year will disproportionately benefit high earners and wealth holders, writes public finance expert Rhys Kesselman on Macleans.ca.
Education requirements are a litigation risk. A KPI approach can help.
Six years after TFSAs were introduced, a Mackenzie Investments survey finds many Canadians still don’t understand how they work.
Twenty-seven percent of Canadians plan to contribute more annually to their tax-free savings account (TFSA) following the federal government's decision to increase the annual contribution limit to $10,000 from $5,500.
The Canada Revenue Agency (CRA) says the $10,000 TFSA contribution limit is effective immediately, but there’s some concern a new government could make the extra contribution room disappear.
Organizations like CARP and CPA Canada have been lobbying for years to lower the rate of, or even eliminate, mandatory RRIF withdrawals. On Tuesday, part of their efforts paid off.
The increase in the tax-free savings account (TFSA) contribution limit to $10,000 from $5,500 will provide Canadians with an opportunity to accumulate tax-free savings at a significantly higher rate over the course of their adult years.
Tuesday's federal budget received both positive and negative reactions.
The Investment Industry Association of Canada (IIAC) has applauded measures announced in yesterday’s federal budget, particularly the increase in the TFSA contribution limit and the reduction to RRIF minimum withdrawal amounts.