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Globe & Mail

The losing party of Liberals' decrease on TFSA contribution

on Tue, 12/08/2015 - 20:41

So, finally, the day came... the Liberals announced the rollback of Tax Free Savings Account's contribution room to $5,500 (from $10,000) in 2016, such a sad thing.

As stated in the Globe & Mail report dated Monday Dec 7th, Darren Coleman, senior vice-president and portfolio manager with Raymond James Ltd, "It’s unfortunate when we are given a tool to provide better investment planning and now it’s being taken back from people who want to work towards having their own financial independence"... I totally agree with him.

I really don't know since when people have this misconception of "TFSAs