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.
He’s courting lower income voters who somehow have enough money to put in a higher ceiling TFSA.
That’s a bold strategy, Cotton.
This will surely help the autoworkers and canola farmers!
PP tripping over himself to (again) provide tax breaks to the rich.
You don’t have to be rich to put money into a TFSA.
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.
You have to be doing reasonably well to max out your TFSA. It’s like 7k for this year.
