Quote:
Originally Posted by I_H8_Crawford
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.
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Yeah, I'm not debating that it's probably a nice thing to have for dual-income earners, but it's not really prudent fiscal policy, and it doesn't do much to help people on the lower end of the middle-class scale. Quite frankly, and I've said it before, it annoys me to no end that the middle-class has been the focal point of this election, and the marginalized members of society and the working poor are basically SOL. Not that I was expecting anything different, mind you, the parties are always going to pander to where the most votes are and it's not going to change as long as we maintain a FPTP system.