Quote:
Originally Posted by darklord700
Don't agree with this position.
To build a $2.6M portfolio like the article suggested, your income has already been taxed once either as salary or business income. Only the growth in the portfolio is being taxed at 50%.
So how many times should our income be taxed? Is it a crime for people that save and invest smartly in this country?
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I think his point is more of the people who take that after-tax employment income, and use it to invest in TFSAs with assets like ETFs are doing it smart, and will in the end, have more money and avoid taxes vs. the people who don't contribute to a TFSA when they have the means to do so (instead spending it on large mortgages, or toys, etc.)
Those are the people that are going to get screwed going forward, and those are the people (generalization upcoming) who don't like the idea of doubling the contribution limits of the TFSA.