2018 is coming in a hurry and a new year means new TFSA investments! EXCITING!
I am still away on vacation, but that TFSA is on my head. I am thinking maybe to do some contribution in kind, to take investment from my non-registered account and have them transfer over the TFSA. In order to do so, if you choose that option, I suggest that you go with investment who had registered the lowest capital gains - because once you switch a non-registered stock into TFSA - you'll have to pay taxes on the capital gains.
Currently, I have BMO that didn't went up a lot, so I could have it transferred over my TFSA. Other than that, I don't have any ides, but try to transferred stocks who pay dividend inside a TFSA, that way, you won't have to pay taxes in the dividend income.
Hi Sunny, I just stumbled on to your blog. I am a new investor and would like to ask you what TFSA you went with. I want one where I get to pick the stocks not the bank doing it. Any suggestions? Thanks Anita.
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I’m a proud French Canadian from New Brunswick with a passion for investing. On August 5, 2009, I hit a major milestone: reaching $50,000 in investment assets. This initial achievement was just the beginning of a lifelong journey toward financial independence. My ultimate aim isn’t necessarily early retirement but rather the freedom to live comfortably, achieve my goals, and enjoy financial peace of mind. Every journey starts with a first step, and for me, that was my first $50,000. Feel free to reach out and say hello at myfirst50000 (at) yahoo.ca—I’d love to connect!
4 comments:
Welcome back! I am anxious to see if you have a suggestion for a TFSA contribution for 2018!
2018 is coming in a hurry and a new year means new TFSA investments! EXCITING!
I am still away on vacation, but that TFSA is on my head. I am thinking maybe to do some contribution in kind, to take investment from my non-registered account and have them transfer over the TFSA. In order to do so, if you choose that option, I suggest that you go with investment who had registered the lowest capital gains - because once you switch a non-registered stock into TFSA - you'll have to pay taxes on the capital gains.
Currently, I have BMO that didn't went up a lot, so I could have it transferred over my TFSA. Other than that, I don't have any ides, but try to transferred stocks who pay dividend inside a TFSA, that way, you won't have to pay taxes in the dividend income.
Hi Sunny, I just stumbled on to your blog. I am a new investor and would like to ask you what TFSA you went with. I want one where I get to pick the stocks not the bank doing it. Any suggestions? Thanks Anita.
Hi Anita, you can open a TFSA account at any broker, and that way, you'll be able to invest inside a TFSA account.
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