Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

RE:RE:RE:RE:Special distribution

[Gord_Alberta]

Agreed; when I was in my mid-50's, all I chose to invest in was TFSA's. I actually withdrew money from my RRSP's & transferred the "so called profit" there... Short term pain for long term gain.

Now 50% of my dividends are coming from my TFSA. Hopefully the federal government does not change the rules to punish my decision.

bcsc wrote: A serious rethink is indead in order, but not so much what securities you hold but where you hold them. Like many Canadians I was/am a low/middle income earner who did my duty and contributed to my RSP each year. It was only when I began planning my retirement and helping my aged mother with her taxes that I realized the full cost and limited benefits of Registered accounts. The benefit of holding your securities in an RSP is deferring the taxes until the funds are withdrawn. This is great if you are in an elevated income bracket, but of limited value if your income in retirement is in the same tax bracket as your income when working.