Find out your cumulative room
If you wait until the last minute to invest in your TFSA and RRSP you could miss out on thousands of dollars over the long run
Opinion: Politicians have come to see taxpayers as sheep to be shorn, writes Mark Milke. Canadians can reverse that by demanding a return of the $10,000 annual limit for TFSAs
In rolling back TFSA contribution limits, the Liberals broke a nearly six decade trend
Hint: It’s not the poor, says public finance expert Rhys Kesselman
The TFSA expansion means that by 2025 almost no one under 40 will pay tax on investment income. We should at least debate whether that’s bad or good.
Maclean’s readers write in
The tax change would ‘impose a fiscal straightjacket on future administrations’
Why stop everyone from saving more, just to stick it to the Daddy Warbuckses out there?
We make assumptions about low and modest-income Canadians, and spend too much time worrying about people gaming the system
Expanding the TFSA limit will be of benefit mostly to high-wealth households who have made out very well over the last thirty years compared to those in the middle or bottom