Some sources of income offer obvious tax benefits, like interest income. All natural person taxpayers are able to earn a certain amount of dating quest use tax me per year without paying any tax on it. So just how much tax-free interest can you earn? This is a fairly generous amount of tax-free interest income for someone under 65 to earn. Spreading some of your interest-generating assets between your spouse or partner, and yourself, will double the amount of tax-free interest that can be earned.
Contributing to an RA offers you a For example, if you have longer-term ambitions for buying a house, or paying for tertiary education — a TFSA is a good bet.