Crius Energy Trust Tr Unit CRIUF

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"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy

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Crius Energy Trust Tr Unit > Smart move

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Comment by predawnon Aug 09, 2018 10:17pm

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Post# 28437614

RE:RE:RE:RE:RE:RE:RE:RE:Smart move

One thing u said need clairification ""

They take the tax off before you get the cash."" only if you ask them or u can recieve the gross amount and pay the tax at the end of the year your choice

deisman03 wrote:
You can turn your RRSP into a RRIF at any time. The thing is you have to start withdrawing scheduled amounts immediately, which you pay taxes on.

I rolled mine into a RIFF at 60 with monthly withdrawals that are slightly less than the distributions/dividends that are generated each month. They take the tax off before you get the cash.

I was actually trying to get the cash out of my RRSP when I retired. The reason I didn't manage it was the Cash Payout I received from the corporation I worked for provided a large amount of taxable cash that I wanted to defer the taxes on. The only way to do so was to put it into the RRSP, which was stared long before the TFSA vehicle came along.

There is a cap of $5500 per year on TFSA instalments.

The Conservative Party Of Canada tried to raise the contribution amount to $11K in 2015, but the TAX GREEDY liberal government canceled that within a month of winning the election. I won't go any further into that.

I sincerely wish they had implemented the TFSA vehicle back in the seventies. Looking back, I would willingly have paid the taxes then, rather than now.

GLTA the good folks here