Quote:
Originally Posted by Slava
I do think its great, and there are a lot of people who will be able to take advantage of it. I do wonder how much this costs the government? $20k/yr with no tax implications is a lot of money and adds up pretty quickly. For young people this could be enough to almost eliminate bothering with an RRSP (if you have a wife and can afford the $20k/yr).
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You've already paid the tax on the $20k/yr. (it's after-tax dollars...)