Even the government almost agrees after compromising by raising the income level for when the highest marginal tax bracket kicks in to ~ $ 400,000 from $ 200,000 back in 2013. (financialsamurai.com)
Since most children earn little income, they usually fall into the lowest marginal tax brackets of 10 % or 15 %. (freemoneyfinance.com)
This can be an advantage or a disadvantage depending on marginal tax bracket when you put the money in versus when you make the withdrawal. (moneysense.ca)