TFSA Withdrawals Rules

Mohamed Konate

Mohamed Konate is a personal finance expert and blogger with years of experience in the Canadian financial industry. As a former financial services professional at major institutions, he developed a deep understanding of the financial challenges facing everyday Canadians. Passionate about helping others achieve financial success, Mohamed shares his insights and knowledge on this blog. He holds a Bachelor and a Master in Business Administration from universities in Quebec.

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Published by Mohamed Konate | Updated May 15, 2025

TFSA Withdrawals Rules

Reading Time: 6 Min A TFSA, or tax-free savings account, is one of the most powerful saving and investing tools available to Canadians. At some point, you may need to access the money within your TFSA for a home down payment, tuition, emergency or virtually any other reason. Thankfully, making a withdrawal from a TFSA is quite simple, but… Continue reading

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Published by Mohamed Konate | Updated May 15, 2025

RRSP Withdrawals Rules

Reading Time: 6 Min RRSP Withdrawals Rules In 1957, the Government of Canada introduced RRSPs to Canadians as a way to motivate them to save for retirement. Today, RRSPs continue to be one of the most powerful retirement savings tools available to Canadians. In general, withdrawing from an RRSP should be avoided because of all the severe consequences. However,… Continue reading

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Published by Mohamed Konate | Updated May 15, 2025

TFSA Contribution Limit 2025

Reading Time: 5 Min TFSA, short for tax free savings account, is a savings and investment tool introduced to Canadians in 2009. A TFSA is one of the most powerful financial tools available to Canadians because all investment income is tax free. However, before you begin to save and invest, there are some very important contribution rules to understand.… Continue reading

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Published by Mohamed Konate | Updated Dec 25, 2023

Best TFSA Savings Accounts in Canada in 2024

Reading Time: 8 Min The Best Tax Free Savings Accounts (TFSA) in Canada for 2024 At some point in time, someone probably told you to save your money. Actually… scratch that, someone has definitely told you to save! Although, what people may not have told you is what to do with those savings exactly. Setting money aside is a… Continue reading

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Published by Mohamed Konate | Updated May 15, 2025

Mortgage Payment Frequency Explained

Reading Time: 3 Min Mortgage Payment Frequency When taking out a mortgage, you have the option of choosing the payment frequency that suits you the most. Canadians have five different mortgage payment frequencies to choose from: monthly, bi-weekly, accelerated bi-weekly, weekly and accelerated weekly. While monthly payments are the most common, you can opt for more frequent payments… Continue reading

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Published by Mohamed Konate | Updated May 15, 2025

Real Estate Commissions: Everything You Need To Know

Reading Time: 5 Min Home prices across Canada are skyrocketing.According to the Canadian Real Estate Association (CREA), the national average homesale reached $661,788 in July 2021. With homes selling in larger volumes and athigher prices across the country, homeowners considering buying or selling are curious about fees associated with this expensive transaction. In home sales, thelargest fee is the… Continue reading

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