The CRA has confirmed that the Tax-Free Savings Account (TFSA) contribution limit for 2024 will be $7,000, up from $6,500 in 2023. This is the first time it has increased two years in a row and is a great way to put away money tax-free. | H&R Block Canada

RRSP? TFSA? 🤔 What actually are the differences between them, anyway? Both are them are popular savings plans. But under the surface they have big differences, and big benefits, depending on how you plan on retiring. Speaking of RRSPs, February 29, 2024 is not just leap day, but also the last day to contribute to yours for the 2023 tax year! Don't forget to get any last-minute contributions in under the deadline. | Envision Financial