What the Average Canadian TFSA Looks Like at Age 50

What the Average Canadian TFSA Looks Like at Age 50

Many Canadians hold Toronto-Dominion Bank (TSX:TD) stock in their TFSAs.

What Does the Average Canadian’s TFSA Look Like at 55?

Once Canadian investors hit their mid-50s, there are large gaps in how big the average Canadian’s Tax-Free Savings Account (TFSA) becomes. For one thing, the TFSA only started in 2009. It’s still relatively new in the context of other retirement vehicles that typically need decades to compound. Not only did this leave mid-50s investors with less lifetime contribution room than the younger generations, but it also left them suddenly juggling …