RE: LeggerBecause he pays no taxes on any capital gains coming out of his TFSA.
15000 (3 years at 5000 per year) would get you 6944 shares of CUU. If it goes to 5 bucks it gets you 34720 in cash. 17360 is tax free.....17360 would normally be taxable at the marginal tax rate. Out of the TFSA you pay no taxes and save yourself 5728 in taxes.
Anyone without a TFSA should get one and buy securities out of it now to save on taxation. Im not recommending this....but imagine what 15000 dollars worth of a stock at .25 that goes to 1.00 would save you in taxes.
Rogue,