Quote:
Originally Posted by MarchHare
I think this is a mischaracterization of the Liberal position re: TFSAs. They're not cancelling the program or saying that only rich people use it. They're proposing rolling back the maximum annual contribution limit from $10k to the previous $5.5k amount. It's a fair assessment that typically only the wealthy can afford to take advantage of the $10k cap. That amount is certainly beyond the means of all low-income Canadians and most middle-income earners as well.
|
Maybe we should roll back the RRSP contribution room while we're at it. Surely only the wealthy can afford to contribute 18% of their income.