The 2 Best Canadian Dividend Stocks to Buy This Week fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
Image source: Getty Images
While there isn’t a perfect way to invest, the Canadian Tax-Free Savings Account (TFSA) certainly gets you close. Since its creation in 2009, the Canada Revenue Agency (CRA) has added new limits each year. In total, with the addition of a further $6,000 limit, Canadians have $75,500 available in their TFSA limit.
What’s great is the TFSA limit can be used for anything: short-term goals, long-term goals, retirement, nest eggs, education you name it. And it’s all tax free. The only real catch is staying within the limit.
It’s now been a month that the new TFSA limit of $6,000 has been made available. So, if you’re ready to start investing, now is the time with these perfect stocks.