00000nam 2200000za 4500 9.814661 CaOODSP 20221107141831 cr ||||||||||| 160407s2015 oncd ob f000 0 eng d CaOODSP eng n-cn--- YN5-91/2015E-PDF Shaw, Trevor. The tax-free savings account [electronic resource] / [prepared by Trevor Shaw]. Ottawa : Parliamentary Budget Office, 2015. vi, 28 p. : fig., graphs, tables Issued also in French under title: Le compte d’épargne libre d’impôt. “Ottawa, Canada. February 24, 2015.” Includes bibliographical references. The Tax-Free Savings Account (TFSA) program was started in 2009. It benefits TFSA contributors by exempting TFSA investment income from federal and provincial income tax and transfer calculations. Under current rules, the TFSA contribution room accumulates annually for individuals aged 18 and over, so PBO projects that contribution room will grow from $1 trillion in 2015 to $9 trillion in 2080. Increases in TFSA contribution room will grow the size of the exempt tax base over time. This growth will not only increase the fiscal impact of the TFSA program as a share of federal and provincial budgets, but alter the distribution of benefits toward higher income and wealth households. gccst Savings gccst Tax benefits gccst Financial analysis Canada. Office of the Parliamentary Budget Officer. Le compte d'épargne libre d'impôt (CaOODSP)9.814662 PDF 444 KB https://publications.gc.ca/collections/collection_2016/dpb-pbo/YN5-91-2015-eng.pdf