How Much Canadians Typically Have in a TFSA by Age 55 [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
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Source: Yahoo! Finance Canada
once: where people roughly stand, and how much room there still is to improve. It is a benchmark, not a verdict. If your balance is below average, that does not mean you are failing. If it is above average, that does not mean you are finished. What it really shows is whether your TFSA is acting like a proper investment account or just a parking spot for cash. For Canadians aged 55 to 59, the average TFSA fair market value was $37,600 in the CRA's latest age-group data for the 2023 contribution year. What that says (and doesn't) That number is useful, but it does not tell the full story. An average includes people who started early, people who barely contributed, and people who withdrew money along the way. It also does not tell you whether the money was invested well. Two people can both have $37,600 in a TFSA at 55, but one may be growing it with strong stocks while the other is leaving it in cash and hoping for the best. It also cannot tell you what you “should” have without kno
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MELI
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- 3/2/26 - Form 4
- 2/25/26 - Form 10-K
- 2/24/26 - Form 8-K
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