Quote:
Originally Posted by IliketoPuck
I think it is a great idea for the people that can take advantage. No one is saying that you have to max out your TFSA every year, but being able to compound up to 10k per year tax free sounds great to me.
Any idea if the 10k will be applied retroactively? I would love to be able to throw another 15 into my TFSA this year.
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I do think its great, and there are a lot of people who will be able to take advantage of it. I do wonder how much this costs the government? $20k/yr with no tax implications is a lot of money and adds up pretty quickly. For young people this could be enough to almost eliminate bothering with an RRSP (if you have a wife and can afford the $20k/yr).