The Poor Can't Save Money

Posted on Wednesday, December 03 at 09:12 by Jim Callaghan
So much for getting ahead.

You can read the entire article at:
Punished for their providence

However, if you are middle class or wealthy, they encourage you to save in RRSP's and other tax shelters. Loopholes only work if you have money.

In other words, there is no place for you to save if you are poor. You aren't supposed to be able to save, I suppose is what they are saying.

So much for getting out of poverty. Don't expect any help soon.

[Ed note: The article actually focuses on the potential creation of a new sort of savings plan for low income Canadians, which would in fact help.]

Note: Punished for their prov...

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