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Stock impact report

Here's the Average TFSA Balance for Canadians Age 65 [Yahoo! Finance Canada]

The Descartes Systems Group Inc. (DSGX) 
Last the descartes systems group inc. earnings: 3/4 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: descartes.com/descartes/investor-relations
The most attractive investment instrument for Canadian retirees is the Tax-Free Savings Account (TFSA), as it allows you to make tax-free withdrawals, something no other registered account offers. You contribute from your after-tax income and can withdraw any amount from your TFSA without reporting it on your tax return. If your $10,000 becomes $100,000, a $90,000 investment gain can be withdrawn tax-free with no restriction on withdrawal limit or withdrawal usage. These withdrawals don't affect your Old Age Security (OAS) pension as they are not a part of your taxable income. Where else will you get such a tax-efficient instrument? Average TFSA balance for Canadians aged 65 Despite its tax benefits, Canadians aged 65 have an average TFSA balance of $51,244, as per Statistics Canada's data for the 2023 contribution year. A survey by other banks suggests the average TFSA balance of baby boomers is between $60,000 and $70,000. The $51,000 average balance is still low, considering Show less Read more
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