Quote:
Originally Posted by CorsiHockeyLeague
I suddenly understand why you post in the manner you do in political threads.
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nm
Quote:
Originally Posted by GGG
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.
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I don't love a lot of the CPC policies, but TFSAs are a great tool. I do see the point that it benefits some more than others, and I hate to say it...but that's OK, right? I mean yes, of course we should help those who need it most, and of course those people should see some benefits more than those of us who are better off, but its OK to have a policy that benefits the middle class and above as well.
I have had a lot of clients use the TFSA effectively and through this downturn here it has made a big difference for them to have access to some savings that actually grew as compared to the traditional "savings account" we're all accustomed to. There are some big advantages with this policy in general, and they're not all easily measured.
Quote:
Originally Posted by SebC
The case for it in 2010 is certainly stronger than the case for making it permanent. Now it's adding fuel to the one sector of the economy that might be in a bubble.
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This is hitting the nail on the head. Instead of these boutique credits they should increase the basic personal exemption or just cut taxes across the board.
I love the quote in the Robson column I posted earlier (which I will only paraphrase) when he says that he can understand subsidizing children, but my patio?!