Quote:
Originally Posted by zuluking
You've already paid the tax on the $20k/yr. (it's after-tax dollars...)
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Ya, that is a drop in the bucket though. You give me $20k/yr for 30 years and not amazing rates of return and that becomes a much bigger number. Compound that number times however many million people use this and for the government you have a revenue problem.
When a generation of people are deciding to use the TFSA to fund their retirement (Which is potentially a real concern) the tax base erodes further and further. As an individual I think that this is awesome....as a country though you have to wonder how far in advance they've looked at this?