RE:TFSA 2022tankumo wrote: So the new contribution limit is only $6000 right?
But that's only 30,000 shares of DM.
RRSP is not totally tax free and I am having a headache during withdraw.
With regular investment account 50% of the gain is tax free, but not with RRSP where 100% of gain is taxable.
So I think we need some planning here. Long term I see DM being a lot higher than today.
JMHO.
Tankumo. The TFSA max for 2021 is $6,000, but the lifetime max today's is $75,000. If you have never contributed to a TFSA you could put $75,000 into it in 1 lump sum ( or about 375,000 shares). If you have a TFSA you could withdraw all of it this year and contribute the same amount back but you must wait until the year after the withdrawal year.