How to Get Ready for New 2025 TFSA Changes [Yahoo! Finance Canada]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Yahoo! Finance Canada
With a new year upon us, Canadian investors get to take advantage of new TFSA ( Tax-Free Savings Account ) contribution room. The Canada Revenue Agency increased the 2025 contribution limit by $7,000. The more you can invest tax-free, the more you can compound your wealth over time. If you turn 18 years old in 2025, you can only contribute a total of $7,000 to the TFSA. However, if you were born in 1991 or earlier (and were a Canadian resident by 2009), you can contribute a grand total of $102,000! Start saving regularly for your TFSA If you are a new TFSA investor, even $7,000 might seem like a lot. However, if you break your contribution up throughout the year, it is much more tangible. A $585 per month instalment is a lot more tangible contribution than a $7,000 lump sum. Unfortunately, many Canadians waste their TFSA by treating it as a mere high interest savings account. While saving any cash for a rainy day is a good idea, investing that cash is an even better idea. Y
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Earnings
- 12/5/24 - Beat
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Sec Filings
- 1/6/25 - Form 424B2
- 1/6/25 - Form 424B2
- 1/6/25 - Form 424B2
- TD's page on the SEC website