Friday, March 14, 2008

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...

1 comments:

Assetologist said...

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.

Google Search of Selected Canadian Personal Finance Blogs and Web Sites

Blog Archive