In Canada they have 'tax free savings Accounts'. It basically is a small allowance to invest tax free. You can add 5k every year. It actually allows compounding

In Canada they have 'tax free savings Accounts'. It basically is a small allowance to invest tax free. You can add 5k every year. It actually allows compounding, so some people have managed to create 'large' accounts totaling more than hundred thousand dollars, although they could've at most contributed like 50k. The tax authority is trying to crack down on people trading in this. Other than that, all dividend and interest income is taxed as normal income, all capital gains are taxed half income. Si those 80K of income would put you in a high tax bracket.