Ivanhoe Mines Ltd T.IVN

Just look at this. When a person is successful

[Muffybell1]

in his/her investments, be it IVN or any other stocks and you have a self directed RRSP and just as an example, you have more than 2 million in it, WELLLLL, what do you think you will have to pay in taxes if you retire at 65 and DON'T want to put your money into a RIF at 71 ??? The answer is, IT DOESN'T MATTER if you do a withdrawel every year the same amount for 6 years or if you withdraw it all at once, if you are in ALBERTA, you will pay 48% YAH YOU SEE IT RIGHT 48%. So this Kim parlee or whoever on BNN tells you if you do so and so you will have tyhios much, I CALL BS. In my example you basically loose 50% of ALL your RRSP. And my bet is they only gave you a 30% return when you contributed didn't they ??? YAH THEY DID. Here is the link of what I am saying. Look at the ALberta tax and you also have to add the federal tax to get your TOTAL TAX. In my example, if you withdraw once a year with 2 million you will take out 333 thousand and that puts you in the max tax bracket.
Federal tax is 33% of taxable income of $216,512 and over
Alberta tax is 15% of taxable income of over $322,171
Here is the link and it is much worse in the other provinces especially Quebec.

https://www.wealthsimple.com/en-ca/learn/rrsp-withdrawals#withdrawing_rrsp_at_retirement

[Muffybell1]

From what I showed you in my previous example, you can all see that our glorious government has pulled the wool over our eyes, simply put, THEY RIPPED US OFF. When you are young and they talked us all into putting our money into these RRSP's, none of us thought of the TAX implications since in your 20's and 30's it seemed way too far away even to think about. Well, let me just tell you

[gisellekronk]

yup , i agree . the gov takes everything but the blame . as far as taxing the tfsa , i do not expect that but i expect a life time contribution cap of around $150,000.

[Moemoney42]

OMG Muffy you're one arrogant SOB..!! You assume alot to make yourself feel good don't you.. LOL.. Word of advice to the readers of Muffy's posts.. don't rely on him for investment/tax advice.. he's an amateur as you can tell by his posts.. LMAO..!!

[petrojell]

Moemoney42 - (1/17/2023 11:08:22 AM) ..' OMG Muffy you're one arrogant SOB..!! You assume alot to make yourself feel good don't you. '.. = - = -= -= -=-=-=-=- Muffybell1  ( aka: topadvisor1 ., Prof Cornelius., Prof Corn on Cob ) has previosly let it slip that it tends to sip on a Bottle before, as, it posts on Stockhouse...