Quote:
Originally Posted by CliffFletcher
So you can track your savings in one place. Our major expenses are collective - mortgage, insurance, car, utilities, RESPs, kids activities, groceries. Our savings are all for collective goals - vacations, home repairs and renos, big ticket family purchases. Tracking all that in one place is just easier than having to assess several accounts to see how much we have saved for vacation or how much we can spend on new flooring.
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But in my situation, that money stays in the company until needed. Why pay taxes on money I'm not using?