Canadians Just Dont Understand TFSAs

Canadians Just Dont Understand TFSAsTax-free savings accounts (TFSA) may be increasingly popular, but they also have a lot of Canadians scratching their heads. Forty-eight per cent of Canadians have a TFSA, up from 23 per cent in 2012, according to Bank of Montreal’s recently released Tax Free Savings Account (TFSA) report. However, there’s confusion surrounding the details: the poll found that just 19 per cent of Canadians know the annual contribution limit, 10 per…

Read More >>