What a Typical 50-Year-Old Canadian Actually Has in Their TFSA [Yahoo! Finance Canada]
Shopify Inc. - Class A Subordinate Voting Shares (SHOP)
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Source: Yahoo! Finance Canada
However, this figure spiked to 34% at age 50 and kept increasing. For calculation reasons, we took the start of the age range to determine the contribution room. For the age 30–34, the CC is for those who turned 30 in 2023. Age Group (2023 Tax Year) 25–29 30–34 35–39 40–44 45–49 50–54 55–59 60–64 Avg Fair Market Value (FMV) Cumulative Contribution (CC) FMV/ CC What changed at age 50 is that their TFSA balance increased significantly. We looked at data from the pandemic years, and the average TFSA balance of 50-year-old Canadians was in the range of 30% of their CC. TFSA Statistics for Age 50–54 Avg FMV Average Contribution Average Withdrawal CC Avg FMV/ CC How much does a typical 50-year-old Canadian have in their TFSA? At 50, Canadians significantly increased their TFSA contributions to $11,051 from contributions of $9,737 made by Canadians in the 45-49 age group. While the average TFSA withdrawals are close to contributions, it was the inves
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News
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- Shopify to Announce First-Quarter 2026 Financial Results May 5, 2026GlobeNewswire
- TSX falls, U.S. markets rise amid hopes Middle East ceasefire holds [Investment Executive - News]Investment Executive - News
- TSX falls, U.S. markets rise amid hopes Middle East ceasefire holds [Advisor.ca (Canada)]Advisor.ca
SHOP
Earnings
- 11/4/25 - Miss
SHOP
Sec Filings
- 4/6/26 - Form 144
- 3/20/26 - Form 144
- 3/20/26 - Form 144
- SHOP's page on the SEC website