QUESTIONS
1.
1.
Do you have either of these accounts?
TFSA (Tax Free Savings Account)
57%
489 votes
RRSP (Registered Retirement Savings Plan)
48%
408 votes
Not Applicable
32%
271 votes
2.
2.
74 per cent of survey respondents said they consider themselves knowledgeable about RRSPs, but younger investors — aged 18 to 34 — are 12 per cent less likely to be knowledgeable about the plans. In addition, 73 per cent of survey respondents said they consider themselves knowledgeable about TFSAs. Do you consider yourself knowledgeable about either?
TFSA
57%
484 votes
RRSP
53%
455 votes
Not Applicable
33%
279 votes
3.
3.
Canadians primarily use their TFSA accounts for various financial goals, according to the survey, with 44 per cent using the account for retirement savings, 43 per cent using it as a savings account and just 15 per cent using it as a means to achieve financial independence as early as possible. What do you use your TFSA for?
Retirement Savings
35%
294 votes
Savings account
30%
257 votes
Saving for a specific goal (vacation, car etc)
13%
110 votes
Achieving financial independence as early as possible
11%
95 votes
Other (please specify)
2%
17 votes
Not Applicable
38%
321 votes
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