RE:RE:RE:RE:RE:RE:RE:RE:RE:Did bpy start buying shares again?!?!Hey Yield
Very good question as I spent quite a bit of time on tax planning. My main goal was to avoid OAS clawback until my wife turns 72. Then there's no way aorund it with the forcedRRIF withdrawals with my large RRIF and my wife's large RRSP (when it is forced into a RRIF).
It takes a lot of juggling but the plan looks like it will work.
I can't really go into too much detail as it is very complicated but I will point out a couple things:
- we keep our REITs and MLPs on our registered/TFSA accounts
- we keep a good chunk of our Cdn eligible divs in our non-reg accounts
- the 38% gross-up on divs factors in heavily but the marginal rate in the 2nd bracket is only 7.6% so is worth it
- we tried to drawdown our RRSPs by taking out extra and putting it into the non-reg accounts. This had limited success because our stocks get appreciated more than we could drawdown.
Anyway, I hope that answers at least part of your question.
Ciao
Sarge
YieldChaser88 wrote:
Nice list.
Thank you very much !
What kind of income taxes do you pay on these distributions, on average ?