no TFSA?
Larry McDonald tells us why we might never see TFSA in action ... I like his idea of reduced income tax insteas. The only thing I like about TFSA is that it rewards investors instead of spenders...
Blogging since 2006... * Creative blog posts about personal finance, investing, consuming, saving, career advice [left column] * --- * Personal Finance news and blogs aggregated daily [right column]*
Larry McDonald tells us why we might never see TFSA in action ... I like his idea of reduced income tax insteas. The only thing I like about TFSA is that it rewards investors instead of spenders...
Posted by
The Canadian Money Reviewer
at
9:52 PM_PERMALINK
DiggIt!
Del.icio.us
Labels: blogging, government
1 comments:
I agree that the best aspect of a TFSA is that it shines on Savers.
IF the final structure of the TFSA is simple and user-friendly,.... the function will be very useful to everyone.
The TFSA will encourage saving for large pruchases and be a valuable emergence fund. Not only that it will be an optimal account for 'non-registered' retirement savings as all growth is non-taxable. As well, withdrawls are non-taxable, do not trigger claw-backs of other income, and create room within the account that can be refilled.
I am optimistic about the role of the TFSA to encourage the creation of wealth among Canadians.
Post a Comment