More than half (53%) of Canadians still haven’t opened a TFSA, and 42% of this group don’t intend to open one this year, according to an ING DIRECT survey.
You need to help people retire in style.
If you have U.S.-citizen clients, or clients who qualify as U.S. persons, start worrying.
Half of Canadians (48%) now report having a TFSA, up 23% from 2012, according to BMO Bank of Montreal.
Consider this: Your clients are 27 years old and married. The wife wants to go back to school to get her MBA. She has not used her RESP room because her parents didn’t create one for her, and she attended her undergrad on a full scholarship. So she’s got questions.
The third-annual BMO Rainy Day survey finds 68% of Canadians have had to use their emergency savings to pay for unexpected expenses.
Retirement is idealized in advertisements as a time of comfort and leisure.
Are you clients confused over whether they should use an RRSP or TFSA?
Tax-savvy investors place securities that yield the highest-taxed income in TFSAs—for instance interest-bearing securities, like bonds.
Make sure clients don’t put too much into TFSAs and RRSPs