We have data on people who contribute the maximum amount. About 20% of people contribute the maximum amount to a TFSA. Of that number, which represents approximately 1.9 million people, we see that 60% have an income under $60,000 a year.
Director, Personal Income Tax, Tax Policy Branch, Department of Finance
We have data on people who contribute the maximum amount. About 20% of people contribute the maximum amount to a TFSA. Of that number, which represents approximately 1.9 million people, we see that 60% have an income under $60,000 a year.
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