TFSA Favourite Investment Choice

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    Tax free savings accounts (TFSAs) are the favourite investment choice for Canadians, says a ‘Manulife Investor Sentiment Index.’ They have remained the favourite choice since the index began tracking it in December 2010. Prior to the introduction of TFSAs, registered retirement savings plans (RRSPs) were the most popular investment choice for the 15 years that Manulife has been publishing the index. According to the federal department of finance, only three years after its introduction, the TFSA has approached the RRSP in terms of contribution flow even though TFSAs are drawn from after-tax dollars.