What the Average Canadian TFSA Looks Like at 50 – and 3 Stocks That Could Help You Catch Up [Globe and Mail, The (Toronto, Canada)]
Kinross Gold Corporation (KGC)
Last kinross gold corporation earnings: 2/12 05:00 pm
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Source: Globe and Mail, The
The Statistics Canada data for the 2023 tax year showed that Canadians accelerated their Tax-Free Savings Account (TFSA) contributions as they approached the age group of 50–54. What the average Canadian TFSA looks like at 50 The table below shows a 13% jump in average TFSA contributiosn between the age groups of 45–49 and 50–54. In 2023, the cumulative TFSA contribution room was $88,000, and Canadians' TFSA balance made up for 34% of it. Age Group (2023 tax Year) 40–44 – – – – Average Contribution YoY Growth Avg Fair Market Value (FMV) YoY Growth Cumulative Contribution (CC) FMV/ CC Even after accelerated contributions, a $30,190 TFSA balance at age 50 is not enough to retire at age 60. You should have at least $1 million in a TFSA to help you fill the gaps from taxable government retirement benefits, like Canada Pension Plan (CPP) and Old Age Security (OAS) pension. 3 stocks that could help you catch up on your TFSA Balance You still have 10 years t
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News
- Kinross Gold (TSX:K) Valuation Check After Robust Three Year Return And Recent Share Price Moves [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Kinross Gold (TSX:K) After A 125% One-Year Surge? [Yahoo! Finance]Yahoo! Finance
- Here's the Average Canadian TFSA and RRSP Balances at Age 45 [Yahoo! Finance Canada]Yahoo! Finance Canada
- 3 Stocks That Could Turn a $100,000 Portfolio Into $1 Million Sooner Than You Might Think [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Why I Am Rating Kinross Gold A Strong Buy [Seeking Alpha]Seeking Alpha
KGC
Earnings
- 2/18/26 - Beat
KGC
Sec Filings
- 4/10/26 - Form 6-K
- 4/1/26 - Form 6-K
- 3/30/26 - Form 6-K
- KGC's page on the SEC website