Quote:
Originally Posted by I_H8_Crawford
I actually have no issue with the higher CPP premiums - my issue is why do that AND take away my extra abilities to save?
Increase CPP, sure. Reduce the TFSA? Why? If I choose to spend my money on investments instead of new homes/cars/toys, why do I get punished for it?
Not to mention that it sounds like the new budget is going to be more "punish those who save/invest" - extra taxes on capital gains, dividends - frankly it is punishing those like me to satiate the masses who blow every dollar they have (and thousands of dollars that they don't have).
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Yeah that budgetary chatter is worrying at this point. I detest Capital Gains tax as it is, and if the rumour is true I will be very unhappy.