TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon May 30, 2024 2:24pm
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Post# 36064894
My Primary Objective is to grow my TFSA/RRSP accounts
My Primary Objective is to grow my TFSA/RRSP accountsas fast as possible. Tax efficiency is low priority. That will come automatically as my TFSA/RRSP grows exponentially.
It's all about Capital Gains on share prices. That's where the REAL money is made.
10%-15% yield on dividends is nice, and it's a good "back up" if large capital gains don't happen, but my goal is 100% capital gains in 2 years or so.... if it happens sooner, great!
As such, BPO goes in my TFSA, I don't worry about saving taxes with Dividend Tax Credit.
GICs in my TFSA isn't going do squat. What 5% per year??? Even BPO, that's only 10-15% per year in dividends. NO, dividend is nice but it's the Capital Gain (100%) within 2 years I'm after.
This "Tax" thread was is a response to Pierre's tax advice......
Pierre seems to ignore half the Truth. He seems to ignores Capital Gains when calculating Tax efficiency. Which is just CRAZY. Capital Gains usually far exceed any dividend.
All just my opinion/view/thinking