Asked by Anonymous
Asked on 27 Jun 2018
Maybe people has yet to find out what CDAC does. I would suggest for you to go and find out ECF and CDAC. From what I know, they may deny benefits (which I believe most posters aren't even aware if they say no cons to opt out)
Off-Hand I can remember is, you will not be able to apply for scholarships, nor receive help from CDAC (or subject to lots of scrutiny), simply because you opt out of it.
Don't think of pros and cons. Think how your $1 could make a difference to the lives of others. Contribute from the heart.
Your dollar contribution helps students ! I got subsidies When I was a kid plus it give you tax rebates so i think it is good to contribute
I tried doing a research and don't see any cons of opting out. So definitely you will save more after opting out!
For community fund such as CDAC, if you opt out:-
Pro is you saved $1 per month. Congrats.
Con is you missed out a tiny chance to help out some one who needs it.
Smile and cheer that you done a good deed!
Cons: U lose the 2.5x tax benefit. Pros: u help the less privilege