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The Wealthy Boomer: Johnathon Chevreau talks with BMOs Tina Di Vito on TFSA basics
An estimated 62 per cent of Canadian adults have a tax-free savings account (TFSA) with balances that averaged $41, in , according to. Contributions should not be made while the account holder is a non-resident of Canada (for income tax purposes), since contributions made while the account. BMO Trust Company (the �Trustee�) will act as trustee of an arrangement for a BMO Nesbitt Burns tax-free savings account (�TFSA�), as defined under the.