TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon May 29, 2024 4:37pm
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RE:Pierre, you will probably pay way way more tax.....
RE:Pierre, you will probably pay way way more tax.....
Clearly you did not read my earlier post.
The laws allow a maximum contribution of $95,000 in TFSA (currently $7,000 yearly) per taxpayer.
It may be great for you to shelter your BPO preferred shares in your TFSA but our investment portfolios far exceed the maximum limits.
As stated we use TFSAs to shelter tax on income from interest income, non-eligible dividends, REITs and other trust units distribution.
When it comes to our taxable income, we would rather receive "eligible" dividends taxed at a lower rate than capital gains.
Now, yes we end up paying tax on capital gains in the year we realize them but... that is life and we are not complaining about it.