Canadians Taking Advantage of Tax Free Savings Accounts

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  • 00 mins 56 secs
Two-thirds of Canadians are taking advantage of Tax Free Savings Accounts. According to a new study by the Bank of Montreal, the average annual contribution is up 10% year-over-year, coming in at an average of $5,332. BMO Economics writes “generally strong job growth combined with rising wages in 2019 have created a supportive environment for Canadians to do more with their finances.”

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