With regard to the government’s decision to reduce the maximum eligible contribution to a Tax Free Savings Account (TFSA) from $10,000 to $5,500: (a) what is the impact or projected impact on federal revenue on a yearly basis, starting in 2016, as a result of the change; and (b) what total eligible amount did Canadians contribute to TFSAs in the (i) 2015 tax year, (ii) 2016 tax year?
In the House of Commons on September 18th, 2017. See this statement in context.