Do you know about the new Tax – Free Savings Account (TFSA) plan which will be introduced to Canadians in January 2009?

A recent bank survey revealed that most Canadians are still very unclear about the new savings vehicle outlined in Budget 2008.

If you are in the minority and know about this product, what are your thoughts about this new initiative?

After the introduction of the TFSA, do you thinks Canadians will make saving money a higher priority?