Issue 3 – TFSA and the 72 Rule

I usually write about a company that our funds are invested in. This time, I’ve decided to write about something different yet important to all investors. The tax-free savings account (TFSA) was introduced in Canada in 2009. For the first year, any Canadian 18 years of age or older could make a TFSA contribution of 5,000. Yearly since 2009, contribution limits have been adjusted for inflation and rounded to the nearest $500. The only exception was 2015 when the amount was $10,000. For 2020, the maximum yearly amount stands at $6,000 and since you can go backwards in order to ‘catch up’, the accumulated contribution amount for anyone who was age 18 or older in 2009 is $69,500; a substantial amount of money.


By Charles Marleau, CIM

Continue Reading in PDF

By Charles Marleau, CIM


Click to Read Macro View

By Hubert Marleau


Click to Read Options Corner

By Robert Mendel


Click to Read Palos-Mitchell Report

By William Mitchell

All products and services of Palos Wealth Management Inc and Palos Management Inc. are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.