Settling The TFSA And RRSP Debate Once And For All

To many cheers and jeers, Canada’s worst kept budget secret was confirmed in April: the annual TFSA contribution limit has been increased to $10,000. There is a small caveat with this change and that is the issue of the inflation adjustment being dropped, so the $10,000 amount is fixed now. This announcement has been an interesting one to follow as it is one of the first times one can remember that some citizens are unhappy with what is effectively a tax cut. Much concern has been...