TFSA and Retirement income for Canadians
"In a decade the contribution room has grown to $63,500, or $127,000 for a couple."
"It will be only another five years or so before the aggregate TFSA room climbs to $100,000 per person. At that time a couple in their early forties holding the maximum amount and making yearly contributions growing at 7% will have $1.26 million in tax-free accounts at age 65. That will throw off an income of about $76,000 per year in retirement which will not be counted as income, allowing full CPP and OAS collection. In other words, a household income of at least $110,000, with zero tax.
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