Finance committee  It is going to depend on the individual circumstances of a particular investor. Actually, a point I forgot and that I was going to make in answer to the earlier question is that there is now--and I haven't tested this myself--a TFSA calculator on the Finance Canada website, and

Finance committee  I'm thinking about seniors. My mother, were she still alive at this point, would have converted her RRSPs to RIFs. She never earned a high income, but she was a serious saver, so she would have had money to put into a TFSA. She would have been able to continue trying to earn inco

Finance committee  It would be compensated just the same way that the securities account you may have already, presumably saving for your retirement, would be currently, but there would be one less cost behind it, which would be the cost paid to a third party, a trust company. Again, it's all aimed

Finance committee  No, because.... Sorry, yes--

Finance committee  You don't. You can go to one of the banks or you can go to a credit union, and you can have an account with them. However, the interest rates nowadays compared to what they were in the 1980s are much lower, so it's a question of the dividend.

Finance committee  They could be buy and hold as well, though.

Finance committee  You're right. That is most likely something that would be with the bank--

Finance committee  There are two distinct points. Part of your question was about the trust structure, which is the one area in which we don't like to follow the RRSP and where we hope at some point the RRSP might change. Just to go back in history, I believe when the RRSPs were first set up, most

Finance committee  Yes, that sounds bad, doesn't it?

Finance committee  Except in the case of it being able to be passed over to the successor, holder, beneficiary—and they would continue as if it were their own—the financial institutions, the intermediaries, would have to start tracking it immediately as if it had been converted into a taxable accou

Finance committee  You're correct that it is expected, certainly at the beginning, that it will be those who are at the lowest end. They may just be starting out in jobs or may have lower-paying jobs. They wouldn't get the tax deductions from RRSPs against their income to allow them to get the true

Finance committee  One thing is that the areas in which we think they should be like RSPs are very much on the operational side. Individual investors will expect them to be very similar to RSPs. For example, one of the points Ian made in his presentation was that upon the death of a TFSA holder, we