Summary for August 2021 Presented by Mackenzie Investments Click here to read more.
With the summer ending and fall here, schooling and education tends to be top of mind for many families. With the rising costs of post secondary education, many families wonder how and when to start saving. It can be difficult for students to cover post-secondary expenses from their earnings alone, which are usually very [...]
TFSA stands for the Tax Free Savings Account Anyone can have an account—almost: Any Canadian resident over 18 years old can contribute to a TFSA. Annual limit: In 2021, the contribution limit for TFSA is $6000. For this year, your cumulative contribution limit is $75,500. Withdraw funds with ease: Unlike an RRSP, a TFSA [...]