RE:RE:RE:Take profit? Or hold..Clearly you've never done your CFA Sarge.
Time value of money? Compound interest? Staggered withdrawals?
If it's your "Retirement" income and you only need a small amount to live on, it's in a very low tax bracket when withdrawing.
Also many creative options to move money into non-equities still within the RRSP and buy real estate and various other 'usable' assets in retirement.
Such linear thinking. Smarten up.
SargeX wrote: I always find it interesting when people say dividend income is tax free in an RRSP. In the long haul, it is actually far from it and holding a Cdn eligible dividend in an RRSP is eventually taxed as income when it is withdraw. The marginal rate for the 2nd tax bracket for income in Alberta is 30.5%, If the dividend is in a non-reg account, then you pay as you go at marginal rate of 7.56%.
Pay me small now or bigger later.
Ciao
Sarge
fakmiz wrote: It depends where you hold the stock; in an RRSP, or TFSA. If in a straight investment account you would have to consider Capital gains tax which could be substantial.(depending on # of shares you hold). If in a RRSP or TFSA why sell as the dividend is tax free. Also are you in for the short term investment/return or long term ?In any event a 15% return on your initial investment is a good return and, currently, I know of no stock where you can get such a return today.
The decision is yours depending on your investment strategy and tax bracket!