Friday, 16 January 2015

TFSA Expansion

Q16: Will the Canadian federal government expand the annual contribution limit for TFSAs in 2015?
Yes: 75%
No: 25%
(Definition note: The ordinary expansion in the limit due to inflation adjustment does not count.  The 2015 limit  need not be increased; it is sufficient that a law is passed increasing future years' limits)

In the 2011 election, the Conservatives promised to expand the annual contribution limit for TFSAs to $10,000 a year.  Recently, Harper has been more ambiguous about the TFSA expansion.
I think the Conservatives probably will expand the contribution limit; it would not cost that much in 2015, and so would not interfere with balancing the budget.

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