[Looch City]

Article from April:

New TFSA limits boon for savers, costly for governments

Albertans who take full advantage of the federal government’s move to nearly double contribution limits for tax free saving accounts can now invest an extra $234,000 over their lifetime.

But economists warn the hike in the annual maximum for TFSAs from $5,500 to $10,000 contained in Tuesday’s budget will result in a spiraling decrease in the tax take for both Canadian and provincial coffers.

By the federal government’s own estimates, the extra contribution room will cost an extra $85 million in the current fiscal year, jumping to $360 million in 2019. Over just five years, that’s $1.1 billion in foregone revenue.

http://calgaryherald.com/news/politi...or-governments