If, 25 years ago, you had bought $5,000-worth of Microsoft stock with the funds in your Tax-Free Savings Account (TFSA), you’d be sitting on about $3 million today. All yours,
tax-free, exchange rates and adjustments for inflation notwithstanding.
Of course, this assumes that there actually were TFSAs 25 years ago. Still, it’s a worthwhile illustration. One that Brian Murphy, a Chartered Accountant in Whitby says could conceivably be playing out 25 years from now.
