Quote:
Originally Posted by rubecube
I think the problem is likely that the definition of middle-class is too broad. For you and your wife, the increase might be useful. For a single-income person, making $45k, the increase isn't very much help.
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The taxes could be a benefit, but frankly, I would rather have a combined $20K/year shoved into our TFSAs to earn more money (compounding FTW) over saving $1300 on taxes each year.
For example, say a 7% return on that first year of JUST the $20K... that's $1400 which is worth more than the tax break already... plus again, that $1400 gets added into the TFSA, so it just grows and grows, and the Gov't can't touch it.