Quote:
Originally Posted by 'Ol Nobodaddy
This new "tax free" savings is kind of a joke as well.
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Actually it sounds like it can potentially be a huge money saver. Say for example you already are investing in stocks, mutual funds etc (not GIC's as I agree with Albert they're a ripoff) you can put the money through this savings account and then do the same thing. Now the growth is tax free. And you can also roll it over as the years go by. ie. for a couple years you don't start one but in the 2nd year you get a lump sum of money (i.e. a 10k bonus from work etc.) and if you decide to invest it you can use that vehicle to enjoy tax free growth. Of course if one doesn't do any investing at all it is useless. I'm still waiting for the Conservatives other promise of deferred capital gains though....
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rdnicolas [Edmonton]: 77 Gal (48x16x24), (3) Fluval 404's, (2) Korlis 2's, 100lbs LR, Coralife Pro 250, Deltec MCE600
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03-09-2008, 04:53 AM
Hybrid Mode
