News Releases

- The majority of Canadians claim to be knowledgeable about the TFSA, however just 11 per cent can identify eligible investments and only 19 per cent know the new annual contribution limit

- TFSA holders plan to contribute an average of $3,625 this year

- Cash is the most common component being held in TFSAs, followed by mutual funds and GICs

- Two-thirds of Canadians believe there will be a market correction in the next decade

- Canadians' interest in purchasing Guaranteed Income Certificates increases significantly as the return on investment also increases

- Many Canadians believe GICs help provide peace of mind and ease of budgeting

- Majority of Canadians wait until the new year to start thinking about their income tax return

- Eighty-eight per cent feel they are familiar with income tax issues

- However, the majority of Canadians remain unfamiliar with key income tax deadlines, including those related to charitable donations, final RRSP contributions and TFSA withdrawals