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No Strings Attached: How The Tax-Free Savings Account Can Help Lower-Income Canadians Get Ahead

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Author Info
John Stapleton (St. Christopher House)
Richard Shillington (Tristat Resources)
Abstract

The federal government’s new Tax-Free Savings Accounts (TFSAs) can help correct the problem of government clawback provisions that discourage or effectively prohibit spersonal saving, provided that provinces and territories refrain from imposing new asset tests and clawbacks that undo savers’ potential gains.

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File URL: http://www.cdhowe.org/pdf/ebrief_64.pdf
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Publisher Info
Paper provided by C.D. Howe Institute in its series e-briefs with number 64.

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Length: 5 pages
Date of creation: Sep 2008
Date of revision:
Publication status: Published on the C.D. Howe Institute website, September 2008
Handle: RePEc:cdh:ebrief:64

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Related research
Keywords: fiscal policy; tax-free savings accounts (TFSA);

Find related papers by JEL classification:
E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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This page was last updated on 2009-12-22.


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