Alta4ever

Sorry used the wrong name. I do know the difference the OAS claw back starts at $60,000 of gross income, the GIS claw back is ment to keep retirees to stay in the work force longer.

How will a tax cut help those that hardly pay any taxes, an extra $300, or $400/year that they wouldn't have to pay in taxes would not change their standard of living. The people you are refering to aren't going to benefit from tax cuts or a savings plan. To help these people you have to look at the situation each individual is in. example geographical location, education level, social disorders, job availiblity. Budget hand outs won't help those people either. I don't pretend to know the answer to those problems, I have no idea what is really happing on the ground NB, but it obvious that what ever that the provincial government is doing there it isn't working. When I posted the comments are refering to, I was talking about those who make $24,000/year plus.

So you would rather have that single mother who managed to put money into savings have her OAS clawed back in retirement, because she managed to save a little? Seems to me that is penalizing her, and not right. With the TFSA, her OAS would not be clawed back, from her saving a little for retirement. This is no gimmick and will benefit all who choose to use it. Refer back to the numbers I posted on the first page, anyone who choses not to use this will be a fool. Everyone knows what they say about a fool and his money.

If you want to charge Harper then May, Dion and Layton should be put away for life.

What facts, you stated an opinion. fact [ fakt ] (plural facts) noun Definition: 1. something known to be true: something that can be shown to be true, to exist, or to have happened 2. truth or reality of something: the truth or actual existence of something, as opposed to the supposition of something or a belief about something based on fact 3. piece of information: a piece of information, e.g. a statistic or a statement of the truth 4. law actual course of events: the circumstances of an event or state of affairs, rather than an interpretation of its significance Matters of fact are issues for a jury, while matters of law are issues for the court. 5. law something based on evidence: something that is based on or concerned with the evidence presented in a legal case [15th century. < Latin factum "deed" < fact-, past participle of facere "do, make"] after the fact after something, especially a criminal act, has been done before the fact before something, especially a criminal act, has been done in fact used to correct a previous misunderstanding or to reinforce a previous statement o·pin·ion [ ə pínnyən ] (plural o·pin·ions) noun Definition: 1. personal view: the view somebody takes about an issue, especially when it is based solely on personal judgment In my opinion it's all a waste of time. 2. estimation: a view regarding the worth of somebody or something They had a pretty low opinion of me. 3. expert view: an expert assessment of something I told the doctor I wanted a second opinion. 4. body of generally held views: the view or views held by most people or by a large number of people pundits and other opinion formers 5. law conclusion of fact: a conclusion drawn from observation of the facts [14th century. Via French< Latin opinion-< opinari "suppose"] be a matter of opinion to be open to dispute or debate be of the opinion that to think that something is the case http://encarta.msn.com/encnet/features/dic...ionaryhome.aspx

The people who say they can't afford to save anything are the ones who don't want to. When I worked in the financial industry I got sick of dealing with people who would refuse to put money away, even though I could show them how to restructure their debt, and expenses to free up money to invest without impacting their lifestyle. It was just laziness. Everone one can afford to save a little, they just may not be able to max out the program. This doesn't really help the older generation as the younger because they do not have the time for the compunding interest to work for them. EVERYBODY IS ABLE TO USE THIS, it is just a matter if people choose to. If you don't beleive me I challenge you to find an investing firm with certified financial planners. They will show you how to do what I described. They usually do not ask for a payment up front, they get a commision from the investements you purchase over time.

Lets see how many can actually forget the political rhetoric of the media and actually think about this. As for the Dippers out there, this is even better for those who think that will retire only on OIS and CPP as there will be no claw back from income from one of these accounts. That claw back exists on incomes taken from RRSP's and other retirment income vehicles.

http://www.mapleleafweb.com/forums//index....45&start=45 I don't know if i can do this but my post might be better in this thread.

For NAFTA to really work the special interest groups like R Calf and the CWB have to be shut down.

There is a very simple solution for this, the person with the coke still broke the law and should be charged face trial and the convicted if there is the proof. A case should then be brought against the police who did not follow procedure and face disciplinary action. The criminal should never be let off on these kinds of technicalities.

This all sounds like someone tring to sell a book!

Not true I have had Lloyd's of London turn down quotes from me when I was a broker.

I think that many people fail to realize just how powerful a little bit of savings really is. If a 20 year old puts away $133 a month (about the same as what is paid per month for car insurance) for nine years at age sixty five it will compound to about $380,825. Now if you take the principal paid in over the nine years $14,000 - 380825 = $366425 in deferred capital gain which means 50% of that is taxible. So $183212.5 is taxable at the marginal tax rate. Now now lets plug that into 2007 Alberta and federal taxe numbers. You would have to pay $59,265 in taxes on that investment (just remember if you live in another province you will pay more). So if you live in Alberta the savings plan which you didn't max out, just saved you $60,000 in retirement that would have to have been paid to the government in taxes. That is huge and you should say thank you to the CPC. This isn't for the rich or the upper middle class this benefits everyone!