OTCPK:KRCLF - Post by User
Comment by
Pandoraon Apr 18, 2024 10:15pm
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Post# 35997276
RE:RE:RE:Canadian minority
RE:RE:RE:Canadian minorityRainman01 wrote: That is why if you have a tfsa or rrsp trading account the are tax free sort of .
The RRSP/RIF is not really tax free. It does not have tax applied when you make trades but whenever you wish to withdraw money it is taxed at the applicable rate at the time. You are right in the fact that a capital gains increase will not affect your gains at the time but who knows what they might do over the time when you wish to withdraw it. If they can scheme another tax plan they might do it. The TFSA is the gem that we have for now but I do not trust the JT/CF duo to leave it untouched the longer they are in power.