By May 25, 2018 Read More →

TFSA Spend or Invest

The contribution limits on TFSAs are not that high, compared to individual RRSPs. Many individuals may use $5,500 to spend on the annual vacation or the large screen television instead of investing it in a TFSA. We wanted to illustrate just how meaningful a one-year maximum TFSA contribution could be at retirement, taking into consideration compounding tax free growth and seeking the help of their financial advisor.

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