One of the biggest problem in the US today is that they are not saving any money. Not only that, but they have established a lifestyle of living on borrowed money. Now Canadians have a better savings record but in the last few years, we have started immitating our southern neighbours. This is very dangerous.

So this new plan is designed to help encourage canadians to start saving again. The money you put in is after tax money so the government already has made money on you there and then having canadians leverage these accounts in the stock markets boosts Canadian companies as the majority would be invested here on the TSX and some on the TSXv so again a win win for the country as this will help corporate taxes down the road.

So personally, I believe this is a brillant plan and you will see this implemented in other countries down the road and I cannot see Flaherty or anyone else removing this program.

Glorieux