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Go Back   Canadian Financial Forums > Canadian Financial Forums > Retirement, RRSP & CPP

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  #1  
Old 03-11-2009, 03:11 PM
trent trent is offline
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Default RRSP contributions stats for 2008

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.
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Old 03-12-2009, 02:48 PM
Canadian Canadian is offline
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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.
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Old 03-13-2009, 01:44 PM
trent trent is offline
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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.
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Old 03-17-2009, 02:34 PM
bullish bullish is offline
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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.
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Old 03-18-2009, 01:38 PM
trent trent is offline
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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?
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Old 04-27-2009, 03:31 PM
Canadian Canadian is offline
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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...
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  #7  
Old 04-28-2009, 06:51 PM
trent trent is offline
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Unfortunately somebody will have to pay for all this at the end, and will be the common people.
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