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Originally Posted by opendoor
Nope, they were taken from a Financial Post article which were taken directly from the government's own numbers.
Regardless of the source, the facts are the facts, and the vast, vast majority of lower and middle income households derive no benefit from increasing the contribution limits.
They're not proposing replacing anything. They want to maintain the limits that have existed up until this year.
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.
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Ridiculous. Do you feel the same way about the RRSP? How many Canadians contribute anywhere close to their 18% annual limit? The vast majority of lower and middle income households derive no benefit from the accumulation of RRSP contribution room, and yet it exists.