RE:RE:Graduating to TSX Actually not true. Capital gains within an RRSP account are not taxable at all. Only when you withdraw from your RRSP is taxable based upon your current tax bracket. Hence the purpose is to withdraw when you retire and have a low income status so the taxes will be very minimal. But yes TFSA would be the best bc of its free tax status on capital gains unless very active trader in which CRA might deem it as business(But let's not debate this and waste back-and-forth when there's no clear guidance by CRA in this regard).
Nonetheless it's a very good problem to have about capital gains and future taxes. We all have one goal and that's Pyrogenesis to the stratosphere!
waru wrote:
holding PYR in a RRSP account is not a very good move in my opinion ...if PYR value increases as most posters on this board believe ALL THE CAPITAL GAINS ARE TAXABLE where if your shares are held in a TFSA you do not need to pay any taxes on the capital gains, and if you hold your shares in a straight trading account you only need to pay taxes on 50% of the capital gains and you can deduct any capital losses that you may have accumulated from the taxable amount....RRSP accounts only benefit you if need to save some money on your current tax bill and if you foresee a drop in your annual income once you retire....remember capital gains made in a RRSP account are 100% taxable