The federal government kept the annual TFSA contribution limit at $6,000 for 2021 – the same annual TFSA limit that we had since 2019. It’s good news for Canadian savers and investors, who as of January 1, 2021, will have a cumulative lifetime TFSA contribution limit of $75,500. The Tax Free Savings Account (TFSA) was…

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The Consumer Price Index (CPI) measures changes in prices paid for a basket of goods and services (i.e., inflation). For the past three decades the Bank of Canada has successfully targeted an inflation rate of between 1% and 3%. The latest figures show year-over-year inflation at 1.9%. But as you know, our personal inflation rate…

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