The 2015 Federal Budget introduced changes that will have Canadians thinking more about their financial plan. A great conversation starter that you can use with your clients is the increase in the annual TFSA contribution limit to $10,000 starting this year.
TFSAs provide flexibility to savers:
To fund their retirement, further their education or save for a down payment. Now with the increased contribution limit, you can benefit from higher tax free savings more than ever before.
Remember, the increase to the contribution limit is effective immediately. If you have already maxed out their contribution for this year, they can effectively contribute an additional $4,500.