Here's Exactly How a $20,000 TFSA Could Potentially Grow to $200,000

Here's Exactly How a $20,000 TFSA Could Potentially Grow to $200,000

Tax-free savings accounts (TFSAs) have been making headlines lately. Last week, Conservative candidate Pierre Poilievre pledged to top up the TFSA contribution limit by an extra $5,000 – with the catch that the “top up amount” must be invested in Canadian securities. The top up would take the total TFSA contribution limit for 2025 to $12,000, with $7,000 of that free to be invested in any market, and $5,000 reserved exclusively for Canadian as…