Quote:
Originally Posted by Fuzz
Sure, but we already have a TFSA, and most people don't max them out because they need to pay for existing first. Drastically raising the limit only helps those wealthy enough to have the cash to max it out, which means not paying taxes on it. So it's a tax break for the wealthy, primarily, while reducing government income that needs to be made up elsewhere, or cut services. That's why I don't think it's good policy.
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It’s 100% a tax break for wealthier people. However , if it also gets more investment into Canada that’s better then just a flat tax cut where the “saved and invested” money can go anywhere - and a lot of times goes into US Stocks
If you just don’t want tax breaks that’s a different argument I think . This is a good way to give “breaks” IMo