My wife quoted Churchill the other night - Saving is a great thing, especially if your parents do it for you! I think any savings on behalf of your children is great as we all only want the best for them. However, there must be a process of education that accompanies their financial wellness. I have heard crazy estimates of what these TFSAs can be worth in years from now. My opinion is that the TFSA is a great tool for my children's future and I have to ensure that they understand the implications of this and also in time be exposed to the workings of the market, inflation, tax, interest, divvies and being trustees. You would not let your child drive your car unless you have shown them how it works.
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