Quote:
Originally Posted by I_H8_Crawford
Just curious - how are your taxes subsiding me saving? I already paid taxes on the money I am placing into my TFSA, so frankly I am paying my fair share.
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I wasn't implying that you weren't paying your fair share, but this is a government program and it's costing the government at the moment $160M/year. If my overall tax rate isn't going down but someone else is being subsidized, it means my tax dollars are being used in part to fund that subsidy. I'm paying for something I will receive almost zero benefit from (I have a $1000 sitting a TFSA at the moment so I can't say absolutely zero). Now that's not necessarily a problem for me. I'm all for paying for things that I don't directly benefit from as long as their an overall benefit to society as a collective, but the TFSA increase to $10k doesn't really do that.