Advisors face a TFSA dilemma

Advisors face a TFSA dilemma

10 Comments
  • Brad jardine 2015-06-19 10:00:56 AM
    I think the least we can do here is get the acronym correct in the headline... meanwhile how many TFSA accounts are simply that... an account earning 1-1.5% tax free interest. I'll wager over 90% of them . What a colossal waste of time. Program should be named TFSP as in "Plan" maybe then the DIY people and the banks will use the program properly...
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  • Ken MacCoy, CHS 2015-06-19 10:19:26 AM
    The only thing worse than no TFSA is one where the money is parked in a 'savings account' at a bank ... because no one has taken the time to actively invest or manage the money as a part of an overall financial plan.
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  • Robert Roby 2015-06-19 10:36:28 AM
    One point you may want to consider is that the more savings Canadians make the less they are dependent on government programs. Thus, those who have the ability to save more will certainly see more clawback etc leaving systems in place to pay those who have less.
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