RE:RE:RE:RE:THE Goverrnment loves SGL and its shareholders Holding Spy or any other high yielding stock in your TFSA is not a good idea for a couple of reasons.
1- The taxes on Divs are quite low (see link below)
https://www.ey.com/CA/en/Services/Tax/Tax-Calculators-2013-Personal-Tax
2- The TFSA should only be used for stocks with low risk high return potential aka low debt,good
CF,earnings would be nice,cheap, better yet, the cream of the crop.ie Insignia energy, ISN
was a good candidate.NAV was $2,had low debt,very good CF (3xCF) good earnings, was trading for only $.70 was taken private for $1.35 a couple of months back. I had a tough time buying any shares,can't blame people for not wanting to sell.managed to get 200,000 shares after trying for 3 months was aiming for a mil. thought I had more time,wasn't expecting it to go private.I go after
cheap companies aka low P/BV.most of those companies (99%) are cheap for a reason (too muc debt,poor management,etc).I kick a lot of tires before I discover an Insignia but it's worth it.