X Subscribe to get investing insights * I am an: Individual investor Investment professional Sign up By submitting this form, you consent to receiving electronic communications from Fidelity Investments Canada ULC. You can unsubscribe at any time. Please see more information about Fidelity's privacy policy. Français Watch list Search Login Price & Performance Mutual funds ETFs Investor education Expert insights Advisor resources Share Print E-Mail TFSA quick guide Making the most of your TFSA A Tax-Free Savings Account (TFSA) can help you grow your savings faster than an ordinary savings account. Fidelity can help you navigate the details and benefits of TFSAs, so you can achieve your financial goals faster. Advantages of a TFSA: What you should know One of the many advantages of a TFSA is the ability to grow investments that can be used at any time and for any purpose, without incurring tax penalties. Read the article Why you should use a TFSA to save for retirement More and more retirees are discovering that Tax-Free Savings Accounts (TFSAs), although generally underutilized, are a key component of a well-rounded retirement plan. Here’s why. Read the article Are you making this common TFSA mistake? If you’re only using your Tax-Free Savings Account (TFSA) to hold cash, you could be missing out on big tax savings that come from holding investments that grow in value over time. Read the article Investing 101: TFSAs A Tax-Free Savings Account (TFSA) allows you to save for all your shorter- to longer-term goals, from an annual vacation to buying a home, on a tax-free basis. We break down the basics of a TFSA to help you navigate this investment account option. Read the article Why first-time homebuyers should use a TFSA for their down payment savings The road to homebuying may be bumpy, but a Tax-Free Savings Account (TFSA) can help pave the way. Read the article TFSAs vs. RRSPs: Deciding is easier than you may think As you finish school, get a job and start a family, saving for the future becomes increasingly more important. Here’s why a TFSA is a good place to start. Read the article TFSA basics Regardless of what you are saving for, a Tax-Free Savings Account (TFSA) is a great way to save for any financial goal – a long-term goal such as retirement or a short-term goal such as a car or a vacation. Read the article Estate planning and TFSAs After the holder of a TFSA dies, there may be possible tax implications, depending on the individual situation and beneficiary designations. Read more Share Share on Facebook Share on LinkedIn Share on Twitter This information is for general knowledge only and should not be interpreted as financial or tax advice or recommendations. Every individual’s situation is unique and should be reviewed by his or her own personal financial and tax professional. Commissions, fees and expenses may be associated with investment funds. Read a fund’s prospectus or offering memorandum and speak to an advisor before investing. Funds are not guaranteed, their values change frequently and investors may experience a gain or loss. Past performance may not be repeated. Read our privacy policy. By using or logging in to this website, you consent to the use of cookies as described in our privacy policy. This site is for persons in Canada only. Mutual funds and ETFs sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada. 270342-v2020106 Back to top of page LinkedIn Twitter YouTube Instagram Fidelity Investments Canada ULC © 2021 Fidelity Investments Canada ULC. All rights reserved. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. 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