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008160407s2015    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
043 |an-cn---
0861 |aYN5-91/2015E-PDF
1001 |aShaw, Trevor.
24514|aThe tax-free savings account |h[electronic resource] / |c[prepared by Trevor Shaw].
260 |aOttawa : |bParliamentary Budget Office, |c2015.
300 |avi, 28 p. :|bfig., graphs, tables
500 |aIssued also in French under title: Le compte d’épargne libre d’impôt.
500 |a“Ottawa, Canada. February 24, 2015.”
504 |aIncludes bibliographical references.
520 |aThe 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.
69207|2gccst|aSavings
69207|2gccst|aTax benefits
69207|2gccst|aFinancial analysis
7101 |aCanada. |bOffice of the Parliamentary Budget Officer.
77508|tLe compte d'épargne libre d'impôt |w(CaOODSP)9.814662
85640|qPDF|s444 KB|uhttps://publications.gc.ca/collections/collection_2016/dpb-pbo/YN5-91-2015-eng.pdf