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<blockquote data-quote="beentheredonethat" data-source="post: 187588" data-attributes="member: 4886"><p>Not sure of the tax laws in Canada, but is there a sizable difference in taxes on investments vs earninngs? If yes that's one thing, if no, then wouldn't any savings on the 666 deduction be offset on taxes due on the 833 in earnings? There's not doubt in my mind, that the rich can get richer by doing investments. But you have to ask yourself if you have the stomache to handle it if you're investment goes belly up. I'm somewhat risky with my own money and invest in higher returning mutual funds. But I couldn't handle borrowing to make what works out to 2K per year and possibly some tax savings.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 187588, member: 4886"] Not sure of the tax laws in Canada, but is there a sizable difference in taxes on investments vs earninngs? If yes that's one thing, if no, then wouldn't any savings on the 666 deduction be offset on taxes due on the 833 in earnings? There's not doubt in my mind, that the rich can get richer by doing investments. But you have to ask yourself if you have the stomache to handle it if you're investment goes belly up. I'm somewhat risky with my own money and invest in higher returning mutual funds. But I couldn't handle borrowing to make what works out to 2K per year and possibly some tax savings. [/QUOTE]
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