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Posted AT 7:18 PM EDT on 26/02/08

For investors, a new savings tool

ROB CARRICK

Globe and Mail Update

OTTAWA — Savers and investors, meet your new best friend. Starting in 2009, people 18 and older will be able to put up to $5,000 per year in a Tax-Free Savings Account and rack up investment gains without paying taxes at any time, including withdrawal.

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Follow The Coin

Where does the money come from?

Amount Source
$118.6-billion: Personal income tax
$36.8-billion: Corporate tax
$27.6-billion: GST
$22.3-billion: Other Revenue
$16.5-billion: EI Premiums
$14.2-billion: Other taxes and duties
$5.9-billion: Other income tax

Total Revenue: $241.9-billion (2008-09)

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