RE:RE:RE:Everyone Ready to Buy Tommorow ! Maybe he expects to book big profits. Maybe doesn't have any big losses to offset his gains in the cash account. Me either. Can I borrow some of yours?
free investment planning advice. Interest income pays higher tax rates than dividends and lower risk of losing money, so sheltering it in the tfsa is a good idea. Losses in a tfsa are useless. Bad planning. Capital gains taxes just went up. A lot. The inclusion rate went from 50% to 75% for rich people like you. So those taxes need shelter inside the tfsa unless you have losses to offset them in your cash account. Capital gains can come in SIZE. Not 3-5%. More like 3X. That's a big tax bill.
Dividend income has a tax credit for Canadian eligible divies so they need the least sheltering in a tfsa.
what the heck