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View Full Version : RRSP contributions stats for 2008


trent
03-11-2009, 03:11 PM
According to the annual Investors Group RRSP exit poll 31% of eligible Canadians contributed to RRSP, which is 6% lower than the year before.

I guess the new TFSA accounts had something to do with that.

Canadian
03-12-2009, 02:48 PM
According to the annual Investors Group RRSP exit poll 31% of eligible Canadians contributed to RRSP, which is 6% lower than the year before.

I guess the new TFSA accounts had something to do with that.

I really like the TFSA better. You can grow your money forever without paying tax on income, and that's simply great.

trent
03-13-2009, 01:44 PM
I really like the TFSA better. You can grow your money forever without paying tax on income, and that's simply great.

The only problem with this is that the government can change the rules at any time and start taxing the income on these accounts for example. Of course similar things have happened throughout human history in many countries, so I won't be surprised if revenue strapped government does this in a few years.

bullish
03-17-2009, 02:34 PM
The only problem with this is that the government can change the rules at any time and start taxing the income on these accounts for example. Of course similar things have happened throughout human history in many countries, so I won't be surprised if revenue strapped government does this in a few years.

The government will never tax TFSA income.

trent
03-18-2009, 01:38 PM
The government will never tax TFSA income.

How can you be so sure? They said that they would never milk the income trusts, but they did, didn't they?

Canadian
04-27-2009, 03:31 PM
How can you be so sure? They said that they would never milk the income trusts, but they did, didn't they?

This is so typical for the government. They will do anything to stay in power, and increase the government size...

trent
04-28-2009, 06:51 PM
Unfortunately somebody will have to pay for all this at the end, and will be the common people.