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stillots1.bsky.social
•
29 days ago
I've now seen this figure (4% or 5%) twice now. Seems plausible, but I'm curious about the calculation -- do you have a source?
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stillots1.bsky.social
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29 days ago
I particularly liked this way of putting it
https://bsky.app/profile/cleisthenesforever.bsky.social/post/3lleiiah3ds2a
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davidnich.bsky.social
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29 days ago
Table 1 from CRA shows 1,579k TFSA holders in 2021 that have maxed their contributions. That is 4% of the population.
https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/income-statistics-gst-hst-statistics/tax-free-savings-account-statistics/tax-free-savings-account-statistics-2021-tax-year.html
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stillots1.bsky.social
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29 days ago
Thanks! Very helpful. The number might well be smaller, then! Those who max out the 7K might not be able to max out the 12K. Good info
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stillots1.bsky.social
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29 days ago
I guess my only complaint is that I don't like to see tax filer numbers expressed as a percentage of the population as a whole.
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stillots1.bsky.social
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29 days ago
2022 n of PIT tax filers is just under 29 million. $1,579k as a % is closer to 5.4%. But that doesn't change the general point
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