Quote:
Originally Posted by opendoor
Nope, they were taken from a Financial Post article which were taken directly from the government's own numbers.
|
The only
FP article I can find on the subject draws heavily from the report I quoted. It actually shows a fairly equitable distribution of TFSA holders and maximizers across income levels:
So it really depends the bias that one interprets the numbers with.
Quote:
Originally Posted by opendoor
They're not proposing replacing anything. They want to maintain the limits that have existed up until this year.
|
The increase to $10,000 has already taken effect and the Liberals propose reducing this to $5,500 (likely to take effect next year rather than retroactively). Increased tax revenue from the $4,500 cut in future years would offset the middle class tax cut. Please stop arguing semantics.
Quote:
Originally Posted by opendoor
Why is $10K all of the sudden some magic, inalienable number that is beyond reproach? Obviously there is a point at which raising the exemption no longer serves the majority of Canadians, so where is that? Based on the data I'd say at around $5K, or perhaps even lower.
|
I never said it was. I said that middle class Canadians should be encouraged to invest and improve their financial habits and that the TFSA is a great vehicle to achieve this goal. Cutting the contribution limit based on the premise that TFSAs only benefit the rich is a dangerous misrepresentation.