Crius Energy Trust Tr Unit CRIUF

Smart move

[StocknerdEQcool]

Someone sold his 11K at the peak $6.27 early this morning. I wonder if that lot came from my friend slickricky??? Hopefully, he sees this trust has the same business model as JE. LOL

[uograd]

6.27 was not the high.  i sold plenty at 6.40 which I just bought back at 5.82

[deisman03]

Good on you. My registered accounts don't allow me to trade like that without a penalty being incurred.  Swing trading at these tumultuous times takes some careful watching and LUCK.  GLTA the good folks here. 

[predawn]

something sounds wrong to me;I have and have for years traded inside a rrsp account and there is zero penalty in fact its a advantage to trade inside a rrsp as theres no capitol gain tax on any gains downside there is also no capitol lose allowed ;;; ;;;;;;;

[deisman03]

I'm talking about my TFSA. If I trade the same stock/trust on the same day, instead of the $10 charge I get a $60 charge because it's considered to be day trading, which isn't allowed in a TFSA.  They do let it go as long as it isn't happening on a daily basis.  GLTA the good folks here. 

[deisman03]

[predawn]

sir you clearly said and I quote"" My registered accounts """    A TFSA is NOT a registered account;;;;; in the sense of a RRSP which I take as a registered account 

[deisman03]

Yes it's different in that you can't claim the initial input and you don't pay tax on anything taken out but you still have to register it with Revenue Canada and they do monitor how much is put into them. My bank is pretty quick to catch what they deem to be Day Trading and charge me a higher fee on the trades.  GLTA the good folks here.  By the way, I did

[predawn]

OK i get where your coming from now;;  I was thinking about a TFSA myself  I can put in about 60K so I might just do that this fall ;;;;;;;

[Sadie222]

Do it. You put in money that is already taxed, up to your contribution limit. Then it’s play time. Withdrawals aren’t taxed. Period. You can’t claim losses, but you don’t have to claim gains. ANY gains. You can’t replace any withdrawals until March of the following year. Your contribution limit goes up every year (so far, anyway). You have ONE TFSA at CRA, so any GICs or whatever at other

[YULSFOYUL]

There is another down side to RRSPs and RRIFs (what an RRSP turns into at age71) you need to be aware of. If you die with one not yet fully cashed out whatever the market value is at time of death gets added to your final income tax return as ordinary income. Unless you have a spouse to roll your RRIF or RRSP over to.   If you kick the bucket with several $100Ks in the account, CRA finally

[deisman03]

You can turn your RRSP into a RRIF at any time. The thing is you have to start withdrawing scheduled amounts immediately, which you pay taxes on.  I rolled mine into a RIFF at 60 with monthly withdrawals that are slightly less than the distributions/dividends that are generated each month. They take the tax off before you get the cash. I was actually trying to get the cash out of my

[Tad]

This post has been removed in accordance with Community Policy

[deisman03]

I do recall that and did quite well with limited amount of investing I was able to do.  My main investments at the time consisted of purchasing some land, which I logged off and cleared as well as the house I still live in.  There was a nasty divorce in that era as well and after selling the land, paying out the ex wife, I was financially strapped for a few years. Then there was a

[predawn]

yes it was untill around 1986 era;;;;

[Sadie222]

The only cap is your contribution limit. It goes up every year, though the number may change. If you exceed it, you pay a 1% penalty per month on the overage. Forget about “installments”. They don’t exist. You can contribute any amount at any time, just make sure your total contributions to date (from all sources) don’t exceed your limit.

[predawn]

One thing u said need clairification "" They take the tax off before you get the cash.""   only if you ask them or u can recieve the gross amount and pay the tax at the end of the year  your choice 

[deisman03]

Predawn, I'm not sure what you're saying.  When I converted my RRSP to a RRIF I did have the choice of a lump sum every year or monthly payments. I didn't have the choice of when to pay the tax. The tax has to be paid upon withdrawal. Just like they would with any regular revenue.   

[predawn]

iam with scotia and when u apply for  monthly  with draws as u also can with cpp and oas dictate the amount of tax with held ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;