This website uses cookies and similar technologies to collect information from you for analytics purposes and to present personalized content or ads to you (Optional Cookies). By clicking “Accept All” you consent to the use of these Optional Cookies. Click “Reject All” to decline these cookies. For more information on our use of cookies, see our CWB Online Privacy and Interest - Based Advertising | CWBank Group

  1. Home
  2. News & Stories
  3. In the News
  4. Canadians underuse TFSAs growth potential

Canadians underuse TFSA's growth potential

Veuillez noter que cet article se trouve sur une plateforme tierce et qu'il n'est disponible qu'en anglais.

Canadians are not taking full advantage of the savings and growth potential of TFSAs more than a decade after its inception. The most recent TFSA statistics, which were released by the Canada Revenue Agency (CRA) in June and are from the 2020 contribution year, show that average unused contribution room among TFSA holders was $40,781.

Click here to read the full article by Rudy Mezzetta, published by Investment Executive, featuring insights from Aaron Hector, Private Wealth Advisor.

The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability or its contents or for any consequences arising from its use.