This guy has it right below if one understands the risks invloved....and its what entices non registered money into hi growth potential stocks like PTK......
Jason Heath, a fee-only certified financial planner with Objective Financial Partners Inc. in Toronto, said he still thinks the TFSA is program for people on the high-end of the wealth spectrum and favours the RRSP for middle-class investors.
“It’s great for rich people with lots of money who have non-registered portfolios and need an extra tax shelter,” said Mr. Heath.
He added people who are low income, and may not benefit from reducing their taxable income through RRSP contributions, also benefit from the TFSA.
“I guess TFSAs are neat from the perspective you can put a bunch of money in and hit a couple of home runs and grow this big tax-free account,” said Heath, adding most TFSA accounts are invested in low risk and low return cash and guaranteed investment certificates. “If TFSAs are going to grow, people will need to change the way they invest in them.”
