Michael Low of Raymond James

Saving money can be simple—and the Tax-Free Savings Account (TFSA) helps you maximize your savings without worries and taxes. Since its launch in 2009, it has become one of Canada's most versatile savings tools, allowing your money to grow and be withdrawn completely tax-free, no matter what you're saving for.

Tax-Free Savings Account (TFSA) at a Glance raymondjames.ca

The deadline for RRSP contributions for the 2025 tax year is Monday, March 2, 2026, which is the standard first 60 days of the new calendar year for deductions on the previous year's taxes. Any contributions made after this date will be applied to your 2026 tax return. If you have any questions, please let me know. Thank you.

Can Mark and Margaret, 45, semi-retire in their mid-50s and give each kid an early $250,000 inheritance? theglobeandmail.com

Buying your first home is a big milestone and saving for it can feel overwhelming. That's where the First Home Savings Account (FHSA) comes in. It's a government-registered account created to help Canadians take that exciting first step toward homeownership. It blends the best of both worlds—RRSP-style tax deductions when you contribute, and TFSA-like tax-free withdrawals when you're ready to buy—so your savings can go further, faster.

First Home Savings Account (FHSA) at a Glance raymondjames.ca