From: Canuck57@nospam.com   
      
   On 18/06/2011 12:00 AM, Sharx3335 wrote:   
   >   
   >   
   > "John Fleming"  wrote in message   
   > news:k9nlv6l4onrq86cmunbq1kdvqdcuasaa5r@4ax.com...   
   >> On Thu, 16 Jun 2011 00:07:12 -0600, while chained to a desk   
   >> in the scriptorium Canuck57  wrote:   
   >>> $On 15/06/2011 10:13 PM, merlin! wrote:   
   >>> $> "John Fleming" wrote in message   
   >>> $> news:hkliv6d5fam9sf90dn7gi7gp22vehhajbb@4ax.com...   
   >>> $>> On Wed, 15 Jun 2011 09:23:46 -0400, while chained to a desk   
   >>> $>> in the scriptorium "Fred Williams" wrote:   
   >>> $>>   
   >>> $>>> $One thing you didn't mention, is that now our income tax has to   
   >>> be paid   
   >>> $>>> $in 4 3-monthy installments, rather the whole annually. As   
   >>> seniors, our   
   >>> $>>> $income tax burden is 10% of our pensions - and the above change   
   >>> $>>> $only makes it more burdensome.   
   >>> $>   
   >>> $> yeah, most of the taxes fall on working guys who are trying to   
   >>> raise a   
   >>> $> family. That's the Canadian socialist version of "fairness".   
   >>> $   
   >>> $Actually, the biggest ones screwed are single working people. Married   
   >>> $with kids has many more deductions and generally 2 work capable people.   
   >>   
   >> These days, you pretty much need two incomes to own a home   
   >> where you can raise a family, so both parents have to work.   
   >> And I understand a lot of kids after school programs can   
   >> cost an arm and a leg too. Especially if it is something   
   >> where your kid needs a lot of extra equipment--like   
   >> participation in hockey.   
   >>   
   >>> $But basically everyone not living near poverty gets screwed.   
   >>   
   >> Living in poverty has its drawbacks. That said, you   
   >> probably get a more balanced diet eating cat food than you   
   >> do eating the human equivalent.   
   >>   
   >>> $Best way to beat it is use TFSA type accounts. Use it or loose it as   
   >>> $someday some greedy bugger in Ottawa is going to cancel the accounts.   
   >>> $You just know it.   
   >   
   >   
   > Be forewarned: many financial institutions have various fees on TFSA's   
   > than can more than wipe out any income tax savings.   
      
   True.  But there are some that pay interest of 2% just for the deposit   
   of it and no fees.  Others, have a household net assets at the   
   institution of some amount like $50K, and no fees.  Always pays to know   
   your fees before you leap.   
      
   ING Direct pays 2% and no fees, good for starters.  $15000 in there does   
   better than any traditional banks I know, $300/year is about the best   
   you can get for deposit risk.  No T4 or T5 BS either.   
      
   But I prefer investing it.  TFSA is a $23K and pays juicy dividends tax   
   free.  Averages well over $100/mo and no BS tax work.   
   --   
   Government isn't the solution to the bad economy, it is the problem.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)