RE:RE:RE:RE:RE:RE:Capital Gains Tax - Just Buy and HoldDca8605 wrote: winnerscircle wrote: and once you turn that into one million..you should quite easily be getting 7-10% return annualy ...and your set!!...by the end of this green rush most of should be around there..
My plan is to take my gains and either start day trading or spread them into drip stocks. Better earning potential than just sitting on the interest
If you max out your TFSA, and turn it into a million dollars, take out $500,000, the following year you will have $500,000 contribution room + whatever new room you get each year.
The caveat to that is if you put your max in, and lose it all...you're screwed. There is no way, short of some miraculous stock play that earns you your thousands back...to get your contribution room back.