I read an article not too long ago about how many Canadians have too little money in RSPs and aren't properly prepared for retirement. One of the things I prefer in Australia is that there is a mandatory 9% taken off every paycheque and placed into a "Super" (RRSP). So, presuming that you have a job from the time you are 22 years old, you are putting away at least 9% (you can contribute more) to every paycheque for about 40 years. There are obvious advantages and I can't see too many disadvantages to it. Although it feels like a tax it's really more like a bitter pill that's actually a vitamin (ie. good for you in the long run). I think Canada should consider a similar system.
TFSA's rock.
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The of and to a in is I that it for you was with on as have but be they
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