Post by
CrazyTrader on May 29, 2024 4:23pm
Pierre, you will probably pay way way more tax.....
You are probably already sitting on 100% capital gains on share price on some of your shares.
Taxes on that will be way way way more than the taxes you save on your dividend.
How much tax you wouldn't have to pay having BPO in TFSA? No tax on capital gain, no tax on interest.
You are stuck in your way, like everything else I've been trying to explain my view..... "Dividend Tax Credit" LOL, that's all you see.
Comment by
CrazyTrader on May 29, 2024 5:35pm
The point, you could have DOUBLED your TFSA. and not pay any tax. That's the point I've been trying to make all my posts basically. If you are going to take risks, the TFSA is the place to do it. With that said, if you lose, you can not simply contribute more cash to the account, there are limits.