CIBC chief calls for tax changes to help young Canadians struggling to save money

Tuesday Jun 10th, 2025

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CIBC chief calls for tax changes to help young Canadians struggling to save money

Victor Dodig, CEO of CIBC, is putting a bold idea on the table — and it could have a real impact on the financial futures of young Canadians. At a recent Globe and Mail conference, Dodig called for targeted tax changes to help Canadians under 30 build up meaningful savings — especially for buying a home. His proposal: raise the basic personal exemption for young people to $75,000, but only if they’re actively saving (at least $15,000 in registered accounts like a TFSA or... [read more]

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