Everything You Need To Know About TFSA Transfers

Table of Contents Can I Transfer Funds From My TFSA To Another TFSA Account? Is There A Limit On How Many Times I Can Transfer Funds From My TFSA? Are There Any Penalties For Transferring Funds From My TFSA? Can I Transfer My TFSA To A Family Member? Can I Transfer My TFSA To A…

ByJohn WilsonJanuary 26, 2023

Investing

Total TFSA Contribution Room In 2023

TLDR: If you turned 18 years old in 2009 or before: $88,000. As a Canadian, you've probably heard about the Tax-Free Savings Account (TFSA) and its numerous benefits. However, if you've never contributed to a TFSA before, you might be wondering how much contribution room you have. How you can maximize its potential is another…

ByJohn WilsonJanuary 17, 2023

woman looking at her contribution room on her TFSA with her computer

Investing

TFSA, What It Is And What Is The Minimum Age?

The TFSA, or Tax-Free Savings Account, is a popular saving and investing tool for Canadians. It allows you to save and invest money without paying taxes on any earned income or capital gains. Sounds pretty great, right? But just like everything else in life, there are some rules and regulations to follow, and one of…

ByJohn WilsonJanuary 16, 2023

Investing Stocks

Buying US Stocks In TFSA Explained

US stocks are securities that represent ownership in a publicly traded company. They are bought and sold on stock exchanges such as the New York Stock Exchange (NYSE) and the Nasdaq. Investing in US stocks allows individuals and institutions to share in the profits and growth of the underlying companies. This can provide both potential…

ByJohn WilsonDecember 15, 2022

employee about to write a resignation letter and wondering about his pension

Personal Finance Saving

What Happens To My Pension Plan If I Leave My Employer?

When you leave your employer in Canada, one of the things you may be wondering about is what happens to your employee pension plan. This is an important consideration, as your pension plan may provide a significant source of income during your retirement years. The rules and regulations governing employee pension plans in Canada vary.…

ByJohn WilsonDecember 14, 2022

Personal Finance Saving

8 Tips To Save Money On Taxes In Canada

Table of Contents Can I Transfer Funds From My TFSA To Another TFSA Account? Is There A Limit On How Many Times I Can Transfer Funds From My TFSA? Are There Any Penalties For Transferring Funds From My TFSA? Can I Transfer My TFSA To A Family Member? Can I Transfer My TFSA To A…

ByJohn WilsonDecember 13, 2022

an investor distressed in front of his laptop because he made a mistake

Investing Stocks

11 Common Mistakes Investors Make

There are a number of Cognitive biases that lead investors to make the same mistakes: Confirmation bias: A tendency to seek out information that confirms one's preexisting beliefs or hypotheses. Anchoring: A tendency to give too much weight to the first piece of information encountered (the "anchor") when making decisions. Herding: A tendency to follow…

ByJohn WilsonNovember 16, 2022