Who will benefit the most from the TFSA?
While the TFSA will have benefits for people of all ages and income levels, there are some distinct situations where the TFSA will be very useful: • Young people with a long time frame to compound investment returns • Low-income people who save little taxes from RRSP contributions • People who have run out of RRSP contribution room • Seniors facing clawbacks of social benefits such as Old Age Security or the Guaranteed Income Supplement, or who must collapse their RRSPs at age 71
