SmartVote: Conservatives’ TFSA policy rewards only the wealthy, finds economist

Armine Yalnizyan
Senior Economist
Canadian Centre for Policy Alternatives
t. 416 884 2776
e. armine@policyalternatives.ca

“Stephen Harper has unveiled yet another plank in his “let’s grow inequality” platform. Raising the contribution limits on the Tax Free Savings Account is pitched as something that’s good for everyone. But, especially in the wake of a brutal recession that displaced half a million full time workers, most people already didn’t have $5,000 to sock away. Raising the limit to $10,000 simply reinforces what Harper has been saying for the past two weeks: public policy should reward those who are already affluent. What if you can’t save at all? Stephen Harper’s just not that into you.”

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