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 Canaccord Genuity Corp.

TFSA: What's Your Strategy?

Evan Davies - Jan 25, 2022
Planning for retirement? Don’t overlook the opportunity to grow investments on a tax-free basis within a TFSA.

With cumulative eligible Tax-Free Savings Account (TFSA) contribution room now standing at $81,500, the TFSA has the potential to be a compelling component in growing your retirement nest egg.

 

How compelling?

 

Consider an investor who maximized annual TFSA contributions since its inception in 2009. With no further contributions, in 45 years, this investor would have over $1,000,000, assuming a 5 percent rate of return per annum. 

 

As we kick off 2022, we've put together some great resources for you to you learn about this great investment tool. Since its inception in 2009, the TFSA has become a significant way to invest and grow funds for the future on a tax-free basis. Click here to read more about this great investment option.