Fifty-three percent of Canadians still haven't opened a tax-free savings account, and 42% of those without one don't intend to open one this year, according to an ING Direct survey.
A survey finds that nearly half of Canadians have a tax-free savings account, yet many still aren't familiar with the rules.
As the RRSP contribution deadline approaches, many Canadians are debating whether to invest in an RRSP or a tax-free savings account (TFSA). A BMO study has found that many are particularly intrigued by the TFSA. According to the study, 67% of Canadians have an RRSP and 39% have a TFSA. Despite the greater prevalence of […]
Recent polls suggest that Canadians aren’t using two potentially valuable retirement savings vehicles to their full potential.
Although tax-free savings accounts (TFSAs) have been on the market since 2009, the majority of Canadians aren’t using them, and general knowledge about the savings vehicle is lacking.
While nearly half of Canadians have a tax-free savings account (TFSA), many are not taking advantage of the unique benefits the account offers for saving, according to a new poll.
Expanding the Canada Pension Plan (CPP) is a risky proposition that could actually hinder the plan’s performance, according to study released by the Fraser Institute. “The Canada Pension Plan is already so large that any expansion of the plan will increase the risk that the manager of the plan’s assets, the Canada Pension Plan Investment […]
The Investment Industry Association of Canada (IIAC) is calling on the federal government to cut capital gains taxes and increase contribution limits for RRSPs and TFSAs in the upcoming budget. The IIAC is also calling for greater flexibility for retirees to access their RRIFs, reducing the mandatory withdrawal rates, and the elimination of payroll taxes […]
In a presentation today to the Investment Industry Association of Canada, which was clearly designed to influence the upcoming federal budget, Jack Mintz, the executive director and Palmer chair in public policy at the University of Calgary, made a case for reducing investors’ taxes and increasing their manoeuvring room with products such as RRSPs and […]
Recent RBC survey data shows how many Canadians have TFSAs, and what they’re doing with them. Looking at the Canadian public as a whole, an overwhelming majority—77%—have heard about TFSAs, but less than half of this group has actually opened one. About 20% have withdrawn money from their TFSAs—most often to cover an emergency. Younger […]