TFSAs to double

This is great news!  Conservative Leader Stephen Harper promised today to double the amount one can contribute to their Tax Free Savings Accounts (TFSA) from $5000 to $10,000 whereby the interest or investment return would be tax free.

However, like the other tax policies promised this campaign, this wouldn't kick in until the deficit is paid down.  Fine.

But once I originally heard about the TFSA, I opened an account and plopped some cash in there, put it into a stock I knew was going to rise, and voila, 650% annual return on investment! It's essentially free money.  Granted, I still paid income tax on the original investment, but with a good stock (and they're out there), can you imagine getting a loan for $10,000 coupled with a good stock that doubles, cash out, pay off the loan, and then you're sitting there with an extra $10,000 out of no where and tax free?

Lefties claim that this only helps the middle class and rich.  Hogwash!  This is the perfect way for people to save and invest and save some more to give them a leg up.

Of course, lefties would rather have the government create a "program" to have a bureaucracy of people to figure out who gets what money, how much, and when.  Then they claim they're creating real jobs.

When I tell my American friends that we have this type of account in Canada, they can't believe it and tell me that Canada is simply sounding better and better all the time.