And So The Shiny Toy Reign Of Derp Begins

That didn't take long.

On TSFA's:

"The TFSA has become a prominent tool in financial planning for many investors, offering up to $41,000 of contribution room to allow investment income to grow tax-free. The Conservative government increased the annual contribution limit of $5,500 to $10,000 for 2015.

Many investors topped up their TFSA accounts the very next day. But now the investment community is left wondering how – and when – the Liberal government will fulfill its campaign promise to roll back the limit.

“Most of our clients have already made the additional TFSA contribution and are maxed out. Taking it away from people who are trying to be financially responsible for their own future seems incredibly unfair to me,” said Darren Coleman, senior vice-president and portfolio manager with Raymond James Ltd., who manages 170 client households."

Mind you, we knew they were gonna do this. No real big deal but it's an indicator of how they view personal finances. That is, they don't want it in the hands of people. They want them believing in the state to take care of them.

In a previous post I worried about the liberals shallow anti-rich rhetoric and how it could actually impact everyday investors. Too many people dismiss this as just that; rhetoric and that the Liberals will govern from the center.

Taxes will go up for incomes over $200 000. Apparently, this is 'rich' in Canada. The 'savings' is said to go to a tax cut for the middle-class of about $500. 

TFSA's are indeed important investment tools for the average middle-class worker and here the Liberals want to lower its contributions. Not sure why except to assume they want that money to be used for other stuff.

Yet despite its obvious benefits particularly with the fact government funded pensions are under duress along with the demise defined benefits people insist on being ignorant:

"Exactly, the government needs to help the middle class to help try and reduce household debt. The few who have an extra $5K kicking around to put into a TFSA aren't at all reflective of the majority of the population. If reducing the annual TFSA allowance allows spending on programs to actually help average Canadians, that's what we voted for. "

Exactly, the government needs to help the middle class to help try and reduce household debt. The few who have an extra $5K kicking around to put into a TFSA aren't at all reflective of the majority of the population. If reducing the annual TFSA allowance allows spending on programs to actually help average Canadians, that's what we voted for.

There is literally no investment professional or person with a good head for investments who would agree with this left-wing nonsense. No wonder they need the hand of the government to take care of them.

So because someone can't do it someone who can has to pay the price? How in the world is this remotely fair? There they go with their 'the few ergo the rest of us have to pay' jargon. But notice how he misses the point. The point is YOU INVEST WHAT YOU CAN over the lifetime. You don't have to top it to benefit from it. Grow an independent sack of balls already.

On a socio-political level, how is this not 'divisive' legislation that isolates people? Is this not what the liberal media in the USA calls 'voting against your interests'?

Do pray tell and explain. T.C. would just love to hear it.

It's easy for you to do this given the gold plated pensions you will get and will never have cut.