Elections

SeawaySensFan wrote:Vote early and vote often.

Ev wrote:

rooneypoo wrote:

Ev wrote:they're all the same to me and none really affect me personally. Expect for the other parties wanting to lower my TFSA contribution limit.

How many Canadian families have $10K, per working spouse, to slide into a TFSA, after putting some $$ into their RRSPs? That's $20K, every year, while the average household income in Canada is at about $60K. People are in dreamland if they think the TFSA isn't designed exclusively to serve Canada's richest. And the revenue that the government foregoes keeps swelling, since the TFSA is accumulative -- i.e., as of Jan. 1 of this coming year, every Canadian will hypothetically be able to put away up to $50G. That's a lot of lost revenue for the gov't, and every year that number grows. Kevin Page, the former parliamentary budget office, estimated that the cost (in terms of lost revenues) to be $2 billion per year in the very near future.

To be clear, I maxed out my TFSA every year when it was at $5K. I even did it last year and will do it again next year, but that's only because I sold my place a year ago and had money to invest. Moving forward, it won't be feasible for me and the missus to each max out our $10K per, per year, while contributing to RRSPs and keeping some other monies more readily available. We are a childless household making $110-120K a year, or approximately twice the national average, and yet we won't be able to take full advantage of the benefit that is supposedly for all Canadians. That tells you pretty much everything you need to know about the TFSA.

Well for one a lot of eople don't realize that tfsa should be used before rrsp in most cases unless they are in the highest tax bracket already. So I would imagine a ton of people could fill their tfsas if they didn't fill their rrsp. TFSA is the most valuable tool for saving and making money right now.

NEELY wrote:

Flo The Action wrote:

NEELY wrote:

Flo The Action wrote:Nice to hear so many informed and intelligent opinions in here. Now if most of canada can think like people in here we will be rid of Harper.

So anyone that supports the Conservative party platform is uneducated or illogical in some way?  Interesting that... almost Harper-esque.

Actually voting conservative to me is unethical. I believe they do not have the best intentions for the people of this country. So yes to vote for them I think is a serious lack of moral judgment.

So anyone that disagrees with your point of view or opinion is immoral?  That's pretty f**ked up bud.

NEELY wrote:Not only do I disagree but I believe you are extremely misguided and ignorant for you to believe what you just stated about others being immoral.

As for the TFSA contributions, I also believe 5K is all you need.  I put a lot into a TFSA and the only time I would ever use over 5K in a year is if someone died and left it to me.

wprager wrote:Who created this thread, anyway.  We have back-to-back Sens hockey and ALDS game 5.  Why are we talking about politics?

NEELY wrote:Not only do I disagree but I believe you are extremely misguided and ignorant for you to believe what you just stated about others being immoral.

As for the TFSA contributions, I also believe 5K is all you need.  I put a lot into a TFSA and the only time I would ever use over 5K in a year is if someone died and left it to me.

wprager wrote:Who created this thread, anyway.  We have back-to-back Sens hockey and ALDS game 5.  Why are we talking about politics?

tim1_2 wrote:For god's sake, we're all big Sens fans and we still argue about our own team ALL THE TIME.

Ev wrote:I'm voting for the conservative candidate in riding, Walter Prager

wprager wrote:

Ev wrote:I'm voting for the conservative candidate in riding, Walter Prager

Walter Pamic.

No relation.

I actually met him on Canada Day at the park.  It started raining so my daughters and I ducked under the canopy.  Wasn't until about 10 minutes later I figured out it was the CPC tent.  For a guy with a pretty polished look he was surprisingly genuine.  So he's probably not cut out for politics and that's why it'd a dead heat in Kanata (after the landslides the past few elections).

Ev wrote:

NEELY wrote:Not only do I disagree but I believe you are extremely misguided and ignorant for you to believe what you just stated about others being immoral.

As for the TFSA contributions, I also believe 5K is all you need.  I put a lot into a TFSA and the only time I would ever use over 5K in a year is if someone died and left it to me.

Are you using the TFSA as a savings account or as an investment account?

NEELY wrote:

Ev wrote:

NEELY wrote:Not only do I disagree but I believe you are extremely misguided and ignorant for you to believe what you just stated about others being immoral.

As for the TFSA contributions, I also believe 5K is all you need.  I put a lot into a TFSA and the only time I would ever use over 5K in a year is if someone died and left it to me.

Are you using the TFSA as a savings account or as an investment account?

Investment in Canopy Growth Corp and bank stock right now.