It's not quite the equivalent of a tax haven in the Cayman Islands, but the Conservatives are promising to eventually double the amount you can contribute to your tax free savings account (TFSA).
50 cents off your GIS cheque," said Milligan. "With a TFSA, it doesn't touch a GIS cheque."
That Converse Ballet leaves the left leaning Canadian Centre for Policy Alternatives dismissing the Tories as wanting to "reward those who are already affluent."
Prime Minister Stephen Harper came to a home in a well off suburb north of Toronto to promise to raise the annual contribution limit to TFSAs to $10,000.
"Every dollar of RRSP income that you take out, would cost you Converse Limited Edition
Still, Milligan notes low income seniors who collect the Guaranteed Income Supplement could win big.
"People might be able to find an extra $5,000 kicking around somewhere, but not everyone can find an extra $10,000 a year," said Kevin Milligan, economics professor at the University of British Columbia. "So my suspicion is that it's going to cost less, there is going to be less take up of it, Converse Low Top Buff
than the first $5,000."
pledges to raise tax
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