Are TFSAs valuable tools for clients?

TFSAs are much more valuable today than they were when they were introduced, says MoneySense magazine.

Since the government boosted the annual TFSA contribution limit from $5,500 to $10,000 this year, it adds, “Any adult over [the age of] 24 has now accumulated $41,000 of TFSA contribution room. Couples can enjoy $82,000 of tax-free bliss, with another $20,000 accumulating every year.”

Read more about how TFSAs can benefit clients.

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