Quote:
Originally Posted by Jason14h
Why did you ask about withdrawals and re-investing in non Canadian then?
That's irrelevant.
Tracking seems pretty simple to me. You effectively get $5000 in Canadian investments exempt in the TSFA from the calculation.
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It's not irrelevant; I clearly identified an easy way to circumvent PP's $5K TFSA proposition. The only way to track that Canadians have invested in Canadian companies, and keep them Canadian without circumventing the system, is to have dedicated Canadian-only TFSA accounts (as you said) with registered Canadian companies. Right now you can invest in literally any financial product within your TFSA or RRSP.