Poilievre Announces ‘Canada First TFSA Top Up’ to Bring Home Investment

Conservative Leader Pierre Poilievre announced today that as Prime Minister, he will allow Canadians to contribute an extra $5,000 a year to Tax-Free Savings Accounts for investments in Canadian companies. 

“The Lost Liberal Decade has made Canada weaker, driving half a trillion dollars of investment south and making us more vulnerable to Trump’s threats. The choice for Canadians? A fourth Liberal term that keeps us weaker and poorer, or a new Conservative Government that puts Canada First – for a change – and brings home jobs and dollars,” Poilievre said. “My Canada First TFSA Top-Up will do just that, by rewarding patriotic Canadians who invest in Canadian businesses and help grow our economy.”

Nothing about Canadians’ existing TFSAs would change. The existing $7,000 limit would remain, but Canadians will now be able to contribute up to an additional $5,000 a year, if that money supports Canadian companies that employ Canadian workers and pay Canadian taxes. The tax system already defines Canadian investments, and a Poilievre government will create a definition that lets financial institutions and advisors label which stocks, mutual funds and other investments can go into your Canada First TFSA Top-Up.

For the past decade, Liberals raised taxes, blocked resource projects, and forced our industries, investments, and jobs abroad. And while Carney pushed for higher taxes here in Canada, he moved his company investments into tax havens abroad and moved his company headquarters to the United States. 

“Working with Trudeau, Mark Carney made Canada weaker and poorer; but working for himself, he made America stronger and himself richer,” Poilievre said. ”Instead of rewarding people for taking jobs and money out of Canada, as Carney and the Liberals did, we need a massive Bring It Home Tax Cut. The Canada First TFSA is about boosting Canadian businesses, unleashing our economy, so that we can stand up to Trump from a position of strength.”

Canadians can’t afford a fourth Liberal term under a weak and out of touch leader like Mark Carney. We need a strong, new Conservative government that will let Canadians keep more of their own hard-earned money and put Canada First – for a change.