Behind the Headlines: Who’s Really Benefiting From Higher TFSA Limits?

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The Conservative government's decision to double contribution limits for Tax-Free Savings Accounts (TFSA) is both unnecessary and unfair. This report uses newly available data released by Canada Revenue Agency to show maximization rates even before the hike were "in free fall" and the new limit will disproportionately benefit those of higher income and wealth through asset shifting and income splitting.

Read our new study, authored by Broadbent Institute Policy Fellow Rhys Kesselman, Canada Research Chair in Public Finance with the School of Public Policy at Simon Fraser University. 


 

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Download: Behind the Headlines: Who’s Really Benefiting From Higher TFSA Limits?