XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 16/06/2011 10:50 PM, John Fleming wrote:   
   > On Wed, 15 Jun 2011 21:13:25 -0700, while chained to a desk   
   > in the scriptorium "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".   
   >   
   > If you are middle class, you tend to get hosed.   
   >   
   > Unless you are retired, the bulk of your income is salary.   
   > And as you point out, if you have kids to raise, you have   
   > extra expenses and can't take advantage of things like RRSPs   
   > and TFSAs to help reduce the tax bite.   
   >   
   > At least there are now a few more family oriented tax   
   > deductions.   
      
   If your savvy middle class and you have a good credit rating you can   
   beat the screwing.  Just depend on your situation.  I have no problems   
   with the banks charging $2 at the ATM for a $500 balance depositor with   
   lots of debt, bounced checks and the like getting the fees.   
      
   While I get no fees.  But then I pay in full every month, have good   
   reserve balances and a hefty portfolio there.  Certianly well above the   
   $50K of assets required to request no fees.   
      
   Kids are an excuse.  Had them too and use the old adage, save a little   
   often.  Ya, you might have an off year because you need a roof job or   
   furnace replacements, but to have a 3 or 4 decade lifestyle this way?   
   99% of the people just have their priorities dead wrong.  At least 70%   
   should have to watch 20 episodes of "til Debt Do Us Part!" 5 times over,   
   and still probably not get the message.   
      
   An example, $5000 credit balance is $100/mo in compound interest of tax   
   paid dollars.  Now if you had a zero balance and put the $100 into a   
   TFSA, 40 years later at say 7% return is over a quarter million tax free   
   dollars.   
      
   People spend more a month on crap junk food, Tim Horton's, iPad,   
   disposable diapers they could wash instead, TVs, cars, more BS...   
      
   Even bet most spend more than $100/mo on booze, cigs and/or pot.  Could   
   make that $400/mo and be an assured millionaire if in a TFSA.   
      
   They have excuses though.  But the reality is for working people, it is   
   just about priorities.   
      
   --   
   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)