Quote:
Originally Posted by I_H8_Crawford
I guess the question is why is the percentage so low? If it is because most people need to use that money to put food on the table then I get it. But if it is because they have maxed out their credit to drive a new car, live in a $600K house, and eat out each night, I don't know why I should care... IMO if the latter is the larger cause, then it is not a case of the TFSA benefitting the rich, it's a case of the TFSA benefitting people who are smart with their money.
I save a lot of my money, so selfishly, I want the limits doubled so I can have a very comfortable retirement.
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If there was mechanisms in place to only transfer the tax burden to those specific people, I'm all for it. That's not usually how it works however. People struggling to put food on the table will be partially picking up the tab for my tax savings.