GREY:SXRZF - Post by User
Comment by
gloxinia123on Nov 14, 2010 1:22am
660 Views
Post# 17703583
RE: RE: RE: RE: RE: General sell -off
RE: RE: RE: RE: RE: General sell -offThanks for clarifying your situation.
Putting the non-registered dividend into your RRSP is a good idea, since you have RRSP contribution room and you will reduce the net effect of the tax you will pay on the dividend in your non-registered account.
The TFSA overcontribution is, IMHO, a gamble. You did very well in 2010. If you believe you can beat the 12% penalty in 2011, do it. Like many, I often receive credit card offers of money at 1.9%, 2.9% for six months. I usually take the advance because I'm pretty sure I can beat those costs. But I would never feel confident I can beat 12%.
So your strategy comes down to the risk you're willing to assume.
GL:)