Quote:
Originally Posted by jayswin
I would argue the opposite. What we'll actually see is not the majority of people working to remain active but the majority of people having to work because they haven't properly prepared for retirement at any age, let alone 25-40 years of being a "senior".
|
Also, the way to improve this situation isn't to double tax savings (and thus disincentivise people from saving), it is to encourage savings.
The TFSA was a step in the right direction - encouraging more savings.
Some countries (such as Australia) mandate that people must save X percent of their income. This is a good idea that Canada should adopt. Disincentivising is the absolute wrong thing to do.