this thing is a F*cking SCAM..first off the interest rate is beyond shitty and doesnt even cover inflation, and what these cunning bastards dont mention is that at the end of the year every deposit you made into the account gets counted as TAXABLE INCOME. Yup thats right you're gonna end up PAYING more than you're 'SAVING'. DO NOT GET TRAPPED IN THIS SCHEME.
@Xkilluminati76 that doesn't mean that it's a scam. Yes, the money that you put into is taxable income, but the money that you earn in a tax free savings account is not taxed. The interest rate is not much if you just invest in cash, but if you want to put the money into something like mutual funds, you can make (or lose) a decent amount of money and won't have to pay any tax on the money you earn on your investments.
@Xkilluminati76 that doesn't mean that it's a scam. Yes, the money that you put into is taxable income, but the money that you earn in a tax free savings account is not taxed. The interest rate is not much if you just invest in cash, but if you want to put the money into something like mutual funds, you can make (or lose) a decent amount of money and won't have to pay any tax on the money you earn on your investments.
this thing is a F*cking SCAM..first off the interest rate is beyond shitty and doesnt even cover inflation, and what these cunning bastards dont mention is that at the end of the year every deposit you made into the account gets counted as TAXABLE INCOME. Yup thats right you're gonna end up PAYING more than you're 'SAVING'. DO NOT GET TRAPPED IN THIS SCHEME.
Xkilluminati76 3 months ago
@Xkilluminati76 that doesn't mean that it's a scam. Yes, the money that you put into is taxable income, but the money that you earn in a tax free savings account is not taxed. The interest rate is not much if you just invest in cash, but if you want to put the money into something like mutual funds, you can make (or lose) a decent amount of money and won't have to pay any tax on the money you earn on your investments.
davecatfish 1 week ago
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@Xkilluminati76 that doesn't mean that it's a scam. Yes, the money that you put into is taxable income, but the money that you earn in a tax free savings account is not taxed. The interest rate is not much if you just invest in cash, but if you want to put the money into something like mutual funds, you can make (or lose) a decent amount of money and won't have to pay any tax on the money you earn on your investments.
davecatfish 1 week ago
Whoop de fucking doo!
Fuck you, RRSP? holy fuck these people all suffer from a fucked up disease, and they are happy about this.
What if I wanna buy a truck load of goddam liqour?
Where is the fucking savings there?
dougiedeadflats 2 years ago
@dougiedeadflats quit trippin'
M0oM0o1 1 year ago