TFSA vs RRSP: Head to Head Comparison

There has been a lot of talk about which one is better, the TFSA vs RRSP in both the PF blogosphere and the media.  Both are great savings and investing tools for us Canadians, but there are important differences between and choosing correctly between the Tax-Free...

Overcontribution of TFSA Update

Ahh the Tax Free Savings Account.  So misunderstood, so lovely, and so useful.  Such a great creation since 2009 because you can contribute up to $31,000 cumulatively if you haven’t started contributing yet.  However, often with great power comes great...

So I Over Contributed on my TFSA

&$#)@*$)#@*$#)(*$)@# Yes, that’s the first thought that came to my mind when I received the letter from the Canada Revenue Agency that informed me I over contributed to my TFSA. I was in disbelief when I received the letter. I didn’t think it would...