Quote:
Originally Posted by Gerbs
Speaking of tax incentivized saving accounts.
Do you guys think TFSA will be nerfed sometime in the future? A lot of peeps have $88 - 150K into their TFSA now over the last 10 years. At $150K @ 5-8%, that's almost $7,500 - 12,000 in tax free income. Seems like the only way to get ahead nowadays!
|
I think the horse is out of the barn now and it'll be very hard to get rid of but they could stop indexing the contribution limit so it doesn't keep growing. I use my TFSA but it's really a huge giveaway to the upper-middle class - no one in the working class can afford to use it - and it's going to cost the gov't billions in tax revenue down the road which they'll recoup by taxing us in other ways.
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
|