Conservative Leader Pierre Poilievre announced Thursday that a government led by him would allow Canadians to contribute $5,000 more a year to their tax-free savings account (TFSA) — as long as that extra cash is being invested in Canadian companies.

Poilievre is pitching it as a way to keep more investment dollars at home because the extra contribution limit will be earmarked for Canadian investments alone.

    • Lemmyoutofhere@lemmy.caEnglish
      1·
      4 months ago

      What percentage of Canadians have maxed out their TFSA contributions?

      Edit: Looks like 4-5%, so this will only help the top 5% at most.

    • sbv@sh.itjust.worksEnglish
      1·
      4 months ago

      You have to be doing reasonably well to max out your TFSA. It’s like 7k for this year.