Quote:
Originally Posted by Regorium
If you only have an extra $100 at the end of the year, then the increase in TFSA space does nothing for you. That's the point. The $5,000/yr was already enough.
I am of the belief that the vast majority of Canadians don't put away $25,000+ each year (max RRSP, max TFSA). TFSA's are already brutally expensive in terms of government policy, and the benefit only goes to the top 10%.
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Most common advice for low income people would be to skip the RRSP altogether and just put money into a TFSA.
The idea that everything needs to benefit everyone exactly the same is really silly. Should the RRSP be scrapped because it benefits higher income people more than lower income?