Investing in Canadian stocks to fend off Trump’s tariffs is the suggestion of Pierre Poilievre, leader of the Conservative Party. He called out Tax-Free Savings Account (TFSA) users. The move will enable Canadian companies to spend on factories, equipment, tools, and wages. Tariffs and potential new ones are why the TSX has continued to spike…
Companies that provide consumer products and services, particularly food, beverage, and other consumables, are suitable for long-term investors. Five TSX consumer staple stocks are defensive holdings because of demand stability regardless of the economic environment. Top performer Maple Leaf Foods (TSX:MFI) outperforms thus far in 2025. At $24.92 per share, current investors enjoy a +23.7%…
Canadians can use the Tax-Free Savings Account (TFSA) to meet short-term financial goals, although it was created primarily for retirement income saving. There are personal stories about financial success through the TFSA. Some users have become millionaires. A million-dollar TFSA goal is ambitious but possible, even starting with $10,000 as seed capital. However, while money…
The first contribution limit of the Tax-Free Savings Account was $5,000. Fast-forward to the present, and the total cumulative contribution room for anyone eligible since 2009 but who has never contributed has ballooned to $109,000. The TFSA is a fantastic account because it begins your journey to real wealth when you use it to save…