Canada Revenue Agency: 1 Huge TFSA Mistake to Avoid in 2021!

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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.

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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/

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