Quote:
Originally Posted by opendoor
How are you being punished? Do you really think it's an inalienable right to have the government subsidize your savings? You can just as easily put money aside if TFSA contribution limits are rolled back to where they were for the first 6 years they existed.
The purpose of things like TFSAs are to encourage individuals to save money. They've worked somewhat at the $5K level, but there is simply no evidence that increasing it serves any purpose that is worth the billions of dollars it'll cost the country.
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If that indeed would cost the country billions, how many more billions will it cost the country to give back that $600+ to every taxpayer earning between 44 and 199k. Is there evidence of the value of this? Also important to note that the burden of this cost is on the richest, but also on the poorest Canadians.