The Tax-Free Savings Account (TFSA) contribution limit rose $7,000 in 2025. That is $7,000 that can grow without any tax implication. While it isn’t a huge amount, it is powerful. The TFSA can save you thousands of dollars Just $7,000 compounded tax-free at a 10% annual average rate could be worth over $18,000 in 10…
Investing your $7,000 Tax-Free Savings Account (TFSA) contribution wisely can set the stage for substantial long-term gains. So today, let’s explore three notable Canadian companies, WSP Global (TSX:WSP), RioCan Real Estate Investment Trust (TSX:REI.UN), and Topicus.com (TSXV:TOI), delving into recent performances, future prospects, and why these might be worthy additions to your investment portfolio. WSP…
Despite being a relatively small economy (at least compared to the U.S.), Canada has produced some exceptional businesses. Luckily for Canadians, there is no shortage of Canadian stocks that have delivered strong compounded returns over both the short and long term. Stocks that have a great record of performance tend to have a secret sauce…
With so much economic and political uncertainty on the horizon, it can be challenging to know what stocks to buy today. Risks are high but so are stock valuations. The market has hardly corrected given some of the potential headwinds. Investors need to be cautious today. However, it is not wise to completely pull out…
As 2025 ushers in significant changes to the Canada Pension Plan (CPP) and Old Age Security (OAS), retirees might find themselves pondering the stability of their golden years. While government benefits are undergoing shifts, there’s a silver lining. Investing in robust mid-cap stocks can offer a cushion against potential financial hiccups. Two Canadian companies, GFL…
Image source: Getty Images When you’re considering investing $3,000 in the Canadian stock market, there are a few key things to think about before choosing your stocks. First, consider your investment goals. Are you looking for long-term growth, steady dividend income, or a mix of both? Your goals will help you decide which sectors and…
The Canada Revenue Agency (CRA) unveiled an update for 2025 that will have Canadians breathing a sigh of relief: no federal taxes on the first $16,129 of income! This update increases the Basic Personal Amount (BPA), which acts as a tax credit to help Canadians keep more of their hard-earned dollars. For anyone who earns…
Creating a diversified portfolio in your Tax-Free Savings Account (TFSA) is one of the smartest moves for long-term financial growth. By spreading your investments across various sectors and industries, you reduce the impact of any single investment’s downturn — all while positioning yourself to capture opportunities in multiple areas. It’s like creating a buffet: no…