Quote:
Originally Posted by OMG!WTF!
Of course it does. Putting a hundred bucks a year in a TFSA helps. It's that attitude that keeps people poor.
No doubt he's cut taxes to get votes. That's a given. But what I like about the god damn renovation tax credit is that it potentially funds itself....people doing small 5k reno's off of Kijiji will now require receipts and losers working for cash will have to pony up their fair share. It also requires participation in the economy beyond the everyday. The 2010 credit worked well at a time when the economy sucked...1out of 3 owner occupied homes took advantage. It just shows a level of thought that I appreciate. Also, you don't have to have fat kids in order to benefit. It's nice the no kid population gets a boutique bone.
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No, lack of money to put into a TFSA keeps people poor.
What income to you need to max out your rrsps and Tfsa? Basically saving 30k a year. And how many people make said income. That's who the tax cut went to.
It's the same as income splitting for families. The people that benefit are the engineers, doctors and lawyers whose spouse stays at home. The two parent families making 50k a piece get nothing from it.