It really depends on what you are doing after conversion from RAW.
I used to always convert to 16 bit tiff because I used to do some pretty heavy editing when RAW converters did so little. These days most converters allow much more adjustment before outputting a file.
FYI the older Canon DSLR were creating 10 bit per channel RAW files. With the 1D3 in 2007 they upped it to (12 or 14 bit? Can;t recall) per channel. So when you converted to 8 bit you were loosing a LOT of editing leeway.
If you expect to use levels, curves, shadow/highlight recovery, and any major color adjustment, 16 bit tiff is your go to. If not, then jpeg will be fine.
IMHO there is NO real discernible benefit to using TIFF if you are staying 8 bit. The advantage to 16 bit is avoiding truncation of color while editing. 16 bit allows you to maintain all of the RAW data's color info right up to the end of editing.