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Wealth Professional | 20 Oct 2015, 10:06 AM Agree 0
In an overwhelmingly show of support from Canadians a new party’s in charge and here’s what advisors, and their clients, can expect from Ottawa
  • JoAnne | 20 Oct 2015, 11:36 AM Agree 0
    This says the 2015 TFSA limit will be $5,500? Wouldn't it make for sense to change in in 2016 and let the $10,000 contributions stand for 2015?
  • Will Ashworth | 20 Oct 2015, 11:49 AM Agree 0
    Hi Joanne,
    I've changed that point to reflect what most likely will happen which is to rollback to $5,500 in 2016.
    Thanks for your comment.
  • Cory | 21 Oct 2015, 04:03 PM Agree 0
    Will they table a budget or legislation before the end of the year to ammend the TFSA. I think that the change back to $5500 would likely not take place until 2017. It would be a logistical nightmare for consumers and financial institutions if the rollback happened part way through the year as those early contributors would have to sell assets that could incur losses and/or fees.
  • Brad Jardine | 22 Oct 2015, 09:55 AM Agree 0
    We'd all be wise to encourage our clients to max fund their 2015 TFSA's before year-end. One should even consider in-kind transfers from non-registered accounts with a caveat to avoid triggering capital gains on said transfers. Check your ACB's and Book Values before you get carried away.
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