Posts Tagged ‘TFSA investments’

For many Canadians, tax-free savings accounts (TFSAs) may be the most advantageous change made to the tax code since RRSPs were launched in 1957.  Many professionals even contend that the popularity of TFSAs will ultimately surpass that of RRSPs. However, despite countless clarifications by [Read more]

Recent data indicate that Canadians are saving more.  Statistics Canada reports that the Household Savings Rate is currently 5.4%, a 0.4% increase from the previous year. Likewise, a recent BMO Bank of Montreal study found that 48% of Canadians are now investing in Tax-Free Savings Accounts [Read more]