RE:RE:Here is a little blurb on the gift tax, an important Lucentio, there is only a capital gains tax if you have investements in a cash or margin account. There is ZERO capital gains tax in a TFSA. There is no upfront tax in SDRRSP either but there is a tax based on what your marginal tax rate will be upon withdrawal. You should always maximize your TFSA whenever possible since that is the only thing we Canadians have, where we pay ZERO tax. You also should be carefull there and NOT do day trading since Revenue Canada is always looking to tax even that. That is why my holdings are longer term and that could be as short as a month so I don't get flagged for frequent trading. Also I am glad that most Canadins either don't have a TFSA or have very little in it, since if everyone had one and maxed it out, I am certain the government would find a way to tax it, but since the money in all the accounts is not large enough, they leave it alone. LOL WHEWW.
Also in my own personal LTD company, my capital gains tax will be lower than in my margin account.
My strategy since the inceprion of the TFSA in 2009, has been to always max out on what I could contribute to my SDRRSP and when I recieved money back from the government due to that contribution, was to put that money in my SDTFSA. If you have never contributed, you can put in $95 thousand total and this year's amount is $7 thousand of that.
There, ENOUGH about taxation LOL. Hopefully it was usefull to you.