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Author Question: The Canadian government introduced the Tax-Free Savings Account (TFSA) in 2009, which allows ... (Read 56 times)

mmmmm

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The Canadian government introduced the Tax-Free Savings Account (TFSA) in 2009, which allows Canadians to earn tax-free investment returns on a limited amount of savings each year. What is the underlying goal of such a government policy?
◦ to increase desired saving of Canadian households
◦ to decrease the supply of financial capital to the economy
◦ to increase government tax revenues
◦ to maintain upward pressure on the equilibrium interest rate
◦ to increase investment demand of Canadian firms


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Marked as best answer by mmmmm on Oct 12, 2022

3ginamay

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mmmmm

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


Liddy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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