Marginal Tax Rate & Low Income Families | What I’m Reading

Worth the read!

http://business.financialpost.com/personal-finance/taxes/its-time-to-pay-more-attention-to-marginal-effective-tax-rates

This is a great explanation on why I’m a stay-at-home mom. Yes, I love my kids but I would love to work too. Except the cost of working is prohibitive and way more expensive than staying home with my kids.

This article is also a great explanation why I could care less about RRSPs and am focusing on my TFSA. There is almost virtually no benefit to my husband or I contributing to an RRSP. The income I would earn in my TFSA has a greater positive impact on my family’s wellbeing.

Take a look, and share your thoughts.
Heather

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