Tax-Free Savings Accounts: Who Uses Them and How?

  title={Tax-Free Savings Accounts: Who Uses Them and How?},
  author={Adam M. Lavecchia},
  journal={ERN: Other Political Economy: Taxation},
  • Adam M. Lavecchia
  • Published 15 January 2018
  • Economics
  • ERN: Other Political Economy: Taxation
This paper studies the savings effect of Canadian Tax-Free Savings Account (TFSAs) using microdata from the 2012 Survey of Financial Security. TFSA contributions are made with after-tax income, balances accumulate tax-free and withdrawals do not increase taxable income. The paper makes two important contributions. First, I characterize the profiles of TFSA owners, documenting new patterns in account ownership and balances. The age profile of TFSA ownership is U-shaped and balances are… 
'Back-Loaded' Tax Subsidies for Saving, Asset Location and Crowd-Out: Evidence from Tax-Free Savings Accounts
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TFSAs: Time for a Tune-Up
  • A. Laurin
  • Economics
    SSRN Electronic Journal
  • 2019
December 19, 2019 – Tax-Free Savings Accounts (TFSAs) have had great success over the past decade, but could use a tune-up, says a new report from the C.D. Howe Institute. In “TFSAs: Time for a


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