A TFSA could be the better way to save for retirement, reports The Globe and Mail.
There was a time when there weren’t any TFSA fees.
A BMO survey finds that even though more than half of Canadians have TFSAs, there’s still confusion about them.
Canadians have mixed opinions regarding the newly reduced TFSA contribution limit of $5,500, according to a poll.
Beginning in 2016, the TFSA contribution limit will be $5,500 again.
The majority of Canadians want the TFSA contribution limit to stay at $10,000, according to a Research House online poll.
More Canadians are contributing to TFSAs than RRSPs, according to Statistics Canada and the Canada Revenue Agency.
Now that the Liberals have been elected, it’s likely that the $10,000 annual TFSA contribution limit will be reduced.
Business owners who invest in a TFSA rather than leaving surplus funds in their corporation often end up with more after-tax cash.
Most Canadians love the new TFSA contribution limit and don’t want the NDP or Liberals to roll it back.