u/DamnirRektim

My wife (now ex) and I (56M) have divided our assets with me accetping a buy out from her on our home. This being enough to make a down payment on an apartment of approx 50%

My father wants to gift me $50k telling me to put it towards the down payment. I also have room in my TFSA.

So given my age (56) what makes more sense, bigger downpayment or TFSA contribution. Ideally I would like to get as close as possible to clearing the mortgage before I retire. I currently have no other debts apart from lawyers which will be paid down in full from my share of buyout. I hope this makes sense. Thanks.