Mr. Mostafa Askari at the Finance Committee

On April 28th, 2015. See this statement in context.

April 28th, 2015 / 10:40 a.m.

Assistant Parliamentary Budget Officer, Office of the Parliamentary Budget Officer, Library of Parliament

Potentially, yes. One of the benefits of the TFSA for the pensioners is that they can essentially protect the income they get from the TFSA from the income-testing programs of OAS and GIS. So yes, potentially, part of the cost for the government is the higher payments through those transfer payments.

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