4 ms·
Are there other countries that have some kind of system like this in place?
by chameleon_world 6y ago
Are there other countries that have some kind of system like this in place?
- wdn 6y agoI think Canada has the same systems. Singapore don't penalize saving and you see how competitive they are. More importantly, they have a lot of savings.
- pbourke 6y agoCanada has the Tax Free Savings Account, which can be used like a Roth IRA (long-term investing without taxes due at withdrawal) or like a regular savings account. It's an after tax account, but earnings are, as the name says, tax free regardless of type. https://en.wikipedia.org/wiki/Tax-free_savings_account https://en.wikipedia.org/wiki/Tax-free_savings_account