TFSA assets rise 8% year over year
Canadians held a total of $298.1 billion in their TFSAs in 2018, with the average TFSA holder having $20,292, according to statistics released by the Canada Revenue Agency (CRA) on Wednesday.
The figures reflect the total fair market value (FMV) of all TFSAs at the end of the 2018 contribution year, the most recent year for which the CRA has statistics.
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: January 6, 2021
Link to Original Article: https://www.advisor.ca/news/industry-news/tfsa-assets-rise-8-year-over-year/