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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.94-0.4%4:00 PM EST

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To: Pogeu Mahone who wrote (149900)8/11/2019 11:56:46 PM
From: TobagoJack  Read Replies (1) of 218689
 
received news from Canada

On 11 Aug 2019, at 11:41 PM, P wrote:

In british columbia we now have another perverse situation developed

house owners over 65 an elect to defer their taxes against a modest penalty. My uncle tells me 1% per annum. So his friends electing not to pay the tax , defer against the property value, and instead deposit money in bank for higher interest rate than the deferment penalty.

Canada banks still positive rates against long term deposits

I can only assume that this was to reduce burden on older age voters. Who have equity in homes but limited incomes

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