tag:blogger.com,1999:blog-5465015914589377788.post5616077491224826296..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Secondary Effects of TFSAsMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-43702027246047119042008-04-11T13:15:00.000-04:002008-04-11T13:15:00.000-04:00Probably true about the risk of clawback. Depends ...Probably true about the risk of clawback. Depends how popular TFSAs become. On the other hand, in 25-30 years I may not care, or be able to!CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-77690607481449692092008-04-10T07:26:00.000-04:002008-04-10T07:26:00.000-04:00I agree about the GIS clawback perhaps becoming a ...I agree about the GIS clawback perhaps becoming a reality.<BR/><BR/>I suspect the TFSA was brought in without thinking of all the ramifications. It really does go against the idea of the GIS to allow TFSA-rich seniors to collect it.<BR/><BR/>MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-480154678268146612008-04-10T02:33:00.000-04:002008-04-10T02:33:00.000-04:00As much as I love TFSA, I agree with you that the ...As much as I love TFSA, I agree with you that the non-income tested rule is too good to be true.<BR/><BR/>$5,000 per year for 25 years at 5% real return is $238,635. Enough to generate ~$12,000/year from fixed income assuming 5% interest. And that's only for one spouse.<BR/><BR/>One solution may be to cap the maximum contribution.Anonymousnoreply@blogger.com