TSX:BPO.P.A - Post by User
Comment by
SONOFFERGUSon Apr 29, 2024 5:58pm
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Post# 36013591
RE:Canadian Taxation
RE:Canadian TaxationHi Pierre.
Well said. Taxes are very sensitive to personal circumstances.
I think for older investors looking for income, BPO prefs belong in the trading account to take advantage of the DTC. Younger investors and those who aren't relying on TFSA money might consider holding them there. RRSP/RRIF would be the last choice for me, since the DTC benefit is lost and capital gains will turn into regular income when distributed, which would be particularly bad if distributions are happening in the near term.
I hold mine in trading. If my crystal ball had been working, I'd have put them in my TFSA to book tax-free gains. Oh well!
Best,
Sonoferguss