Quote:
Originally Posted by FlamesAddiction
How is the middle class defined in Canada? I read something today that suggested it was individual income between $50,000/year and $500,000/year.
A lot of "middle class" families don't make enough money to worry about TFSAs because they have nothing to put in them, and because both parents work up to (but not over" the $50 floor, the income splitting doesn't do anything for them either.
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The problem is most people think they're part of the middle class regardless of how much they make.
http://www.cbc.ca/news/thenational/a...lass-1.3267982
According to the survey in that video,
88% of people who make 100k+ identify themselves as "middle class".