TFSA Resources
Want more information on TFSAs? Check these out!
The CRA website and other government websites have all the official details about the TFSA and related investment programs. When in doubt visit these sites:
CRA TFSA: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/menu-eng.html
Department of Finance: http://www.fin.gc.ca/fin-eng.asp
Service Canada OAS program: http://www.servicecanada.gc.ca/eng/services/pensions/oas/index.shtml
US IRS: http://www.irs.gov/
Bank of Canada: http://www.bankofcanada.ca/
Canadian Tax Foundation : http://www.ctf.ca
Here’s a listing of the major banks in Canada and their TFSA programs. If you are planning on setting up a TFSA with your bank, educate yourself first by visiting one of these websites:
Royal Bank: http://www.rbcroyalbank.com/tfsa/
Bank of Montreal: http://www.bmo.com/home/personal/banking/investments/tax-free/tfsa
Scotia Bank: http://www.scotiabank.com/ca/en/0,,78,00.html
TD Canada Trust: http://www.tdcanadatrust.com/products-services/investing/tax-free-savings-account/tax-free.jsp
CIBC: https://www.cibc.com/ca/investing/tfsa.html
National Bank of Canada: https://www.nbc.ca/en/personal/investing/investment-solutions/tax-free-savings-account-tfsa.html
Laurentian Bank: https://www.banquelaurentienne.ca/en/personal_banking_services/my_futur/tfsa.html
Canadian Western Bank: http://www.cwbank.com/investing/tfsa-products
If you are interested in setting up a TFSA with a credit union instead, visit their website to determine if they offer a TFSA in the first place. Here’s some of the major credit union TFSA programs:
Vancity (BC): https://www.vancity.com/Investments/TypesofInvestments/TFSAs/
Assiniboine Credit Union (MB): http://www.assiniboine.mb.ca/Home/Tools/TFSA.aspx
Affinity Credit Union (SK): https://www.affinitycu.ca/Rates/Pages/TFSA-Rates.aspx
Coast Capital Savings (BC): https://www.coastcapitalsavings.com/Personal/Investing/Tax_Free_Savings_Account/
Meridian Credit Union (ON): http://www.meridiancu.ca/personal-banking/investments/plans/tfsa/Pages/default.aspx
Desjardins Group (QC): http://www.desjardins.com/ca/personal/savings-investment/tax-sheltered-plans/tfsa/
Perhaps you don’t want to deal with a bank or credit union, or want the freedom to make decisions on your own, whenever you like. If you are thinking of opening a TFSA on your own, here’s some popular online firms that can help you out:
Tangerine: http://www.tangerine.ca/en/investing/TFSAs/index.html
BMO Investor Line: https://www.bmoinvestorline.com/home/getting-started/il/investments/tax-free-savings-accounts
CIBC Investor’s Edge: https://www.investorsedge.cibc.com/ie/benefits/accounts-and-services/registered-accounts.html
RBC Direct Investing: http://www.rbcdirectinvesting.com/tax-free-savings-account.html
Scotia iTrade: http://www.scotiabank.com/itrade/en/0,,3713,00.html
TD Waterhouse Direct Investing: http://www.tdwaterhouse.ca/products-services/investing/td-direct-investing/accounts/tax-free-savings-account/
Virtual Brokers: https://www.virtualbrokers.com/en-us/
Questrade: http://www.questrade.com/account/account_types/registered/tfsa
QTrade: https://www.qtrade.ca/investor/en/aboutus/services/accountchoices.jsp
Daily financial news can be found here:
Financial Post: http://business.financialpost.com/category/investing/
and http://business.financialpost.com/category/personal-finance/tfsa/?__lsa=4d74-8430
Yahoo Finance Canada: https://ca.finance.yahoo.com/
Reuters: http://www.reuters.com/
And here’s some other financial- or investing- related blogs with some quite useful info on TFSAs, and investing in general:
Financial Crooks: http://financialcrooks.com/
Stock Market Quotes and Financial News: http://www.investing.com/
Retire Happy: http://retirehappy.ca/
Tax Tips: http://www.taxtips.ca/
1 Comment. Leave new
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