Post by
CrazyTrader on May 30, 2024 9:23am
Bunch of Clowns here going to pay 10 Times more in Taxes
than they have to. Holding GICs in TFSA, BPO in Margin/Cash account to claim Dividend Tax Credit. LOL. They'll pay probably 10 times the amount of tax than if they just held BPO in TFSA and GIC in Margin.
Clowns.
Comment by
pierrelebel on May 30, 2024 9:35am
My wife and I live in Ontario. A couple earning $200,000 a year and splitting their income evenly would pay only 8.92% income tax (combining federal and provincial) on eligible dividends, 15.74% on capital gain, 31.48% on interest income. Those are the facts. Name calling does not add any value to the discussion.
Comment by
CrazyTrader on May 30, 2024 9:47am
LOL..... Pierre, you are an expert at misleading Truths/Fact.... you even decieve yourself! LOL While those maybe the facts.... Full Truth of the Fact is most likely you could be paying much much much less in taxes if you held GICs in margin and BPO in TFSA, instead of GICs in TFSA and BPO in Margin.