Are you or a loved one nearing retirement age? If so, you may have heard about the Canadian Pension Plan (CPP) and its benefits. But did you know that the CPP has recently undergone some changes, and there's a new version - Second Additional Canada Pension Plan Contribution (CPP2)? Let's dive into how CPP2 benefits you.
A Tax-Free Savings Account (TFSA) is a registered investment account that allows Canadian residents to earn tax-free investment income and capital gains. The key benefit of a TFSA is that any investment growth or earnings are exempt from federal income tax, unlike a regular savings account.
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