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Stock impact report

How to Use Your TFSA to Double Your Annual Contribution [Yahoo! Finance Canada]

BRP Inc. - Common Subordinate Voting Shares (DOO) 
The Tax-Free Savings Account (TFSA) contribution limit for 2026 sits at $7,000. Most Canadians see that as a hard ceiling. But savvy investors know there's a way to effectively double that annual contribution without breaking any rules. The key is building a TFSA that generates growing tax-free income. Turning your TFSA into a wealth-building machine Grow your TFSA to a point where the income it produces each year equals or exceeds the annual contribution limit. That income can then be reinvested or combined with new contributions, multiplying the impact of your savings. A Canadian who has been eligible for the TFSA since 2009 but never contributed would have a cumulative room of $109,000 through 2026. If that entire amount were invested today, the portfolio would need to generate a yield of just over 6.4% to produce $7,000 in annual tax-free income. The key is moving beyond low-yield cash and embracing equity investments that offer capital appreciation. Finding companies w Show less Read more
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