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2 TSX Stocks That Can Turn a $56,000 TFSA Into a Lasting Income Machine
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2 TSX Stocks That Can Turn a $56,000 TFSA Into a Lasting Income Machine
The average TFSA balance for Canadians aged 70 to 74 was about $56,000 in the CRA’s 2023 contribution year data. That is helpful money â but it is not exactly “never think about retirement income again” money. For many Canadians at this stage of life, it is a reminder that a TFSA works best when it holds strong businesses that can keep compounding, paying dividends, and growing for years rather than sitting still. If you are a Canadian investo…
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