Tax-Free Savings Accounts were designed to help lower-income Canadians put money away for retirement. But a decade into the program, new research shows that TFSAs are primarily benefitting higher-income savers. A saver’s credit and other tax changes could be the keys to fixing this flaw, writes Richard Shillington in a widely read study for the IRPP.

Richard Shillington is a statistician specializing in poverty measurement, tax policy and low-income supports. He joins us on the podcast to discuss his study and its implications for low-income savers.