Quote:
Originally Posted by Reaper
The pdf says that you can save $5,000 per year so I would imagine that amount is based on deposits in a calendar year. However, it also says you can carry unused amounts forward to future years. It sounds like a nice way for the government to accomodate money laundering to me.  |
Interestingly, it says you can bank your deposit limit each year and rollover whatever you don't use for future years. That was nice.
I think the idea is to give Canadians an incentive to save more dough. Simply raising the personal exemption by $5,000 wouldn't necessarily result in people socking away the difference.
I'm eagerly anticipating MoneyGuy and slava's takes on this and other announcements today.