RE:RE:More TFSA moneyI already have 37,000 shares in TFSA and another 15,000 in RRSP with no additional contribution room. Every month I get the dividends and just buy more CJ.
Certainly the tax on the margin account is inevitable but unless there is something better to buy why bother triggering it. If the tax is triggered I instantly need a higher yield to be whole as after paying the tax I would have less capital available.
Yield is 11% and debt costs 7% so there is a 4% win as time goes along is how I look at it. No need to sell in my view.