Canadians can hold cash and most types of investments inside an account called a Tax Free Savings Account. Any income or capital gains earned by their assets while within the TFSA is allowed to grow without any income tax payable. And, best of all, when the money is withdrawn from the TFSA, the owner still pays no income tax or capital gains tax! The only downside is that you can only put a certain amount of money into a TFSA: so you can’t move all of your savings and investments into one, unless you have very few assets.
Here are some articles about TFSAs, how they work and what you might want to do with your cash, assets and investments within them.
Tax Free Savings Account, TFSA, Articles
- What is a TFSA? Can I Open One?
Making the Right TFSA Contributions and Withdrawals
- How Much Can I Contribute to my TFSA? I Turned 18 or Arrived in Canada after 2009
- Find Out Your TFSA Contribution Room Using the CRA Telephone Information Phone System, TIPS
- Lookup Your TFSA Contribution Room Online Using CRA’s Quick Access
- What Happens If I Put Too Much Into my TFSA?
- Tracking your TFSA Contribution Room Can Save You from Harsh Fines
- What Should I Do If I Over-Contributed to My TFSA?
- How Can I Check What the Government Thinks Were My TFSA Withdrawals?
What Should I Use my TFSA For?
- <Can I Use my TFSA As My Regular Bank Account?>
- <Should I Use my TFSA for My Emergency Fund?>
- <Should I Use my TFSA for My Short-Term Savings Goal?>
- <Should I Use my TFSA to Save for My House or Condo?>
- Should You Save for your First Home in your TFSA or RRSP?
- <Should I Use my TFSA to Save for Retirement?>
- What Will I Live On When I Retire if I Have No Savings and Don’t Own a Home?
- Can I Use my TFSA as Collateral for a Quick Loan?
- What’s the Right Way to Invest? TFSA first? RRSP first? Pay down the Mortgage? Non-registered Account? Gold? Real Estate? Help!
Where and How Should I Set Up my TFSA?
- <Where Should I Open my First TFSA? A Bank, Credit Union or Brokerage?>
- When Should I Move my TFSA to a Self Directed Brokerage Account?
How Can I Best Invest Within my TFSA? What are some TFSA Tips and Tricks?
- Maximize your TFSA First
- <How Should I Invest in my TFSA?>
- <Should I Hold US Stocks in my TFSA?>
- <Should I Hold Fixed Income in my TFSA?>
- <What Should I Hold in my TFSA to Save the Most Tax?>
Bank and Credit Union Tax Free Savings Accounts
- How to Choose a Standard Bank Tax Free Savings Account with Minimal or No Fees
- When GICs Get Risky
- The Types of Mutual Funds, Why They’re Good and Quick Buying Tips
- How to Evaluate Mutual Funds and Choose which Funds to Buy
- When Should I Switch to a Self-Directed Brokerage Account? As Soon as It’s “No Fee”
- How Long Will It Take to Transfer my TFSA from One Bank or Brokerage to Another? Are There Rules?
Tangerine Tax Free Savings Account Articles
- How to Contribute to your TFSA Savings Account at Tangerine
- How to Setup Automatic Transfers to a Tangerine Account
- How to Buy a Mutual Fund at Tangerine
- How to Buy a GIC at Tangerine
- It’s Official: Tangerine is Charging a Fee to Transfer your RRSP and TFSAs to Another Bank or Brokerage
- Is the Tangerine 2014 TFSA Kick Start Account a Good Idea?
- How to Open a Tangerine TFSA Kick Start to Save in the Fall of 2014
Self-Directed Online Brokerage Tax Free Savings Accounts
- How to Choose a Self-Directed TFSA Brokerage Account to Minimize Fees and Costs
- Examples of TFSA Portfolio Fees and Commissions Using InvestorLine and Investor’s Edge
- Can I Buy or Sell a Small Number of Shares of a Stock, Say 18?
- What is an ETF or Exchange Traded Fund?
- Are Exchange Traded Funds, ETFs, Better than Mutual Funds?
- How Long Will It Take to Transfer my TFSA from One Bank or Brokerage to Another? Are There Rules?
- Get Ready to Die: Beneficiary and Successor Account Holder Forms for your Online Brokerage Accounts
TFSAs at BMO InvestorLine
- How to Make a Contribution to a BMO InvestorLine TFSA Account and How Long It Takes to Get There
- Checking the Real Time Price for an Equity Using BMO InvestorLine
- How to Buy Shares of a Stock or Units of an ETF at BMO InvestorLine
- How to Buy Shares of a Stock or Units of an ETF at BMO InvestorLine Using their App
- How to Buy a GIC in a BMO InvestorLine Account
- <How to Buy Units of a Mutual Fund in a BMO InvestorLine Account>
- How to Sell Units of a Mutual Fund in a BMO InvestorLine Account
- How to Park My Cash in the InvestorLine AAT770 Daily Interest Savings Account Fund
- Investing in the AAT770 Daily Interest Savings Account Fund, HISA, for InvestorLine TFSA Accounts
- How Fast Can I Get My Cash Out of the InvestorLine AAT770 Savings Account Fund to Re-invest?
- Where Can I Find my US Ledger Stocks in my BMO InvestorLine TFSA Account?
- What to Watch for When Transferring a Stock to the US Dollar Side of an InvestorLine Account
- How to Group Non-Registered, TFSA and RRSP Accounts Under One Userid at BMO InvestorLine
- How to Transfer Assets to a BMO InvestorLine Account from Another Bank Using a T2033 Form
- How Long Does It Take to Transfer a TFSA from Tangerine to BMO InvestorLine?
TFSAs at CIBC Investor’s Edge
- How to Buy Shares of Stock or Units of ETFs in an Investor’s Edge Account
- How to Buy a GIC in an Investor’s Edge Account
- <How to Buy Units of a Mutual Fund in an Investor’s Edge Account?>
- How to Sell Units of a Mutual Fund in an Investor’s Edge Account
- How to Park Your Cash in a Daily Interest Savings Account Fund at CIBC Investor’s Edge
- How to Group Non-Registered, TFSA and RRSP Accounts Under One Userid at CIBC Investor’s Edge
TFSAs at RBC Direct Investing
- How to Buy Shares of Stock or Units of ETFs in a Direct Investing Account
- How to Buy a GIC in a RBC Direct Investing Online Brokerage Account
- <How to Buy Units of a Mutual Fund in a Direct Investing Account>
- How to Park Your Cash in a Daily Interest Savings Account Fund at RBC Direct Investing
Books about TFSAs
Articles About TFSAs
These are articles from the Financial Crooks website and from other publishers that may be of interest.
- A selection of (2014) TFSA articles to tempt your tastes
- Why Did They Buy This Instead of Contributing to their TFSA?
- Questrade, the CRA, and the Double TFSA 2011 Contribution Confusion
All the Financial Crooks Articles Tagged TFSA
By clicking here you can view a clickable linked list of all of the TFSA articles on this website.