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Poilievre to hike TFSA contribution limit by $5K for those who invest in Canadian companies (www.cbc.ca)
submitted 1 year ago by to c/canada@lemmy.ca
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Conservative Leader Pierre Poilievre announced Thursday that a government led by him would allow Canadians to contribute $5,000 more a year to their tax-free savings account (TFSA) — as long as that extra cash is being invested in Canadian companies.

Poilievre is pitching it as a way to keep more investment dollars at home because the extra contribution limit will be earmarked for Canadian investments alone.

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[–] 4 points 1 year ago (1 child)

Agreed, how are they even going to track “invest in Canadian companies”?

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  • [–] 3 points 1 year ago

    One of my tfsa is in investments using wealthsimple.

    They do report tax info so I guess that's one way.

    Or, you would send the new tax forms with your proof of investment.

    Still, it'e an all around stupid idea that nobody really needs.

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