The Secrets That TFSA Millionaires Know [Yahoo! Finance Canada]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Yahoo! Finance Canada
Canadians who know how to use their Tax-Free Savings Account (TFSA) have made millions in tax-free wealth. The CRA's TFSA statistics for the 2023 tax year say it all. Canadians in the 50–54-year age group made a total TFSA contribution of $8.2 billion and had a total fair market value of $40.4 billion, which is almost five times their contribution. The secrets that TFSA millionaires know Even you can become a TFSA millionaire if you know the secret to making the most of this account. Secret #1: Regular investing in your TFSA If you had been maxing out on your TFSA contribution since 2009, your invested amount alone would have touched $109,000. Assuming you consistently contribute $7,000 to TFSA annually for the next 20 years and earn an average annual return of 10% on your portfolio, you can have a $1.17 million-dollar TFSA portfolio. The trick is to invest as much as you can in the early stages of your life. So if you invest less in the latter stage, you will still be able
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News
- Manulife | Comvest Credit Partners leads $130 million refinancing of Sylmar to support expansion strategy [Yahoo! Finance]Yahoo! Finance
- Assessing Manulife Financial (TSX:MFC) Valuation After Recent Share Price Pullback [Yahoo! Finance]Yahoo! Finance
- Is Manulife Financial (TSX:MFC) Still Attractive After Multi Year Share Price Strength [Yahoo! Finance]Yahoo! Finance
- Here's the Average TFSA and RRSP at Age 40 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Manulife announces Normal Course Issuer Bid [Yahoo! Finance]Yahoo! Finance
MFC
Earnings
- 2/11/26 - Beat
MFC
Sec Filings
- 2/20/26 - Form 6-K
- 2/13/26 - Form 13F-NT
- 2/12/26 - Form 6-K
- MFC's page on the SEC website