The Average TFSA Balance at 55 — and How to Improve Yours
According to Statistics Canada data for 2025, reflecting the 2023 contribution year, Canadians aged 55 to 59 hold an average Tax-Free Savings Account (TFSA) balance of just $37,600. For a group with only six to 10 years before the typical retirement age of 65, that’s surprisingly low. Even more striking is the unused TFSA contribution…