Invest in tomorrow, while saving on your taxes today

At TD Asset Management Inc. (TDAM), we understand the importance of tax planning to investors. There are many tax-efficient investment vehicles available to Canadians to help maximize after-tax income and grow their investment portfolios.

For example, you may consider using a Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA) to save for retirement or a Registered Education Savings Plan (RESP) for a child’s education. You may also want to take advantage of appropriate deductions and government sponsored benefits. In addition, consider whether it is advantageous to hold investments that earn relatively tax-efficient income, such as Canadian dividends or capital gains.

TDAM has created this guide to help outline some tax planning information.

TFSA Limit Rising to $7,000 for 2024: What Will You Do WIth the Extra Room?

People will soon be able to put more money into their Tax-Free Savings Account. The contribution limit is set to rise to $7,000 for 2024, up from $6,500 in 2023. Georgia Swan, Tax and Estate Planner, TD Wealth, joins Anthony Okolie to discuss how the limit gets calculated and how you can make the most of the TFSA benefits.

Top 5 tax considerations when investing in ETFs

While investors shouldn't prioritize tax efficiency when investing in ETFs, taxes can have a profound effect on overall return.

Is There a Silver Lining in Investment Losses?

Tax-loss selling is the act of selling a security at a loss (capital loss) and using the loss to offset realized gains (capital gains) incurred from selling other securities in a non-registered account.

Important Tax Dates and Resources

Important dates and reminders you need to know for the tax year as well as links to helpful resources.

Retirement Savings Calculator

Retirement Savings

Create a personalized retirement plan in an easy-to-print format.

TFSA Calculator

CFA Tool

Whether you're saving for your dream wedding, a rainy day, your first home, or an extended vacation, a TFSA can help you reach your goals sooner.

Compound Interest Calculator

Graphing Tool

Long-term investing can be a great way to save for your future. Use our compound interest calculator to see how your investments could grow over time.

Back to top Top