Finance Minister Joe Oliver has apparently confirmed the contribution limit for tax-free savings accounts will double in this year’s federal budget, thestar.com reports.
Finance Minister Joe Oliver has apparently confirmed the contribution limit for tax-free savings accounts will double in this year’s federal budget, thestar.com reports.
Oliver has apparently made the suggestion to increase the annual contribution limit to $11,000 in a confidential letter.
Read: TFSA limit increase will only help the wealthy
The announcement will allegedly become public on April 21, when the federal budget will be announced.
Find out more here.
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