Following up my blog post of 4 years ago about Harper’s tax break for the wealthy are stories on CBC and elsewhere regarding the TFSA folly. The increase benefits only ~39% of Canadians who’ve managed to open such a savings account.
“Harper pledges to double tax-free savings limits – but not till deficit is beat”
And you have to give him credit, he’s going to be right. Because he won’t be in office when the deficit is beat, a Conservative government doesn’t know how to go out of deficit (history shows they only go into them).
“TFSA limit could swell to $10,000 when Tories balance budget”
(FP article shows a picture of a piggy bank, which should be a flying pig instead.)
Balance what budget? Harper and Oliver have indefinitely postponed this year’s budget in part because Oliver is incompetent, and also due to oil’s somewhat unexpected drop in value.