Leaderboard

That's what they said and I reckon it is a daft idea because their main reason for doing it is do that they can have access to the funds that would be stuck in the TFSA otherwise. That means you are saving wrong and out of your means. Your TFSA is a long term savings vehicle for retirement one day. University fees, home deposits, general emergencies - these are all things you should be budgeting for and saving for. Saying one needs to keep it outside of the TFSA because you may need comes down to *bad word* please do not do that poor planning (to be blunt). And I'm not sure if they missed the basic logic and compound growth class, but you want to max out your TFSA as quickly as you can to take advantage of the tax free growth even if it isn't that much. The end goal is to one day switch those growth assets into income assets and the more you have at that point in time the higher the incone is going to be. Every year you wait that number is getting smaller and you also risk not being able to use it to the maximum one day because you waited to long (the limits will increase).