The Gordo Blogga

Formerly known as "Untying the Gordian Knot"

Tuesday, March 04, 2008

Props to Canada for encouraging saving

Canada introduced a new type of savings account - you can deposit up to $5000 a year into an investment account and you won't pay any taxes on investment returns. In the age of profligacy I give Canada props for having a long view and trying to encourage saving, rather than spending.