Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: 4.40 copper! $5 incoming!
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"I have 90% of holdings tucked away in TFSAs now.

Smart move; I hope everyone has their TFSA accounts maxed out, then RRSP accounts and only after that use regular trading accounts if money still available :)"

Nope.  If you expect to have a high taxable income and a high tax rate, then the RRSP should avoided altogether or at most as a the last resort if you are desperate for the current year tax deduction from a contribution.   

Capital gains are way less taxed (only 50% gain inclusion as taxable) than RRSP withdrawals (100% taxable) and eventually RSP withdrawals are forced out (RRIF. LIF) -- so you can't continue to defer the tax liability like you could with cap gain investments.

Obviously, I don't like RRSPs unless you are in a very high marginal tax rate in your working years (big tax savings) but then expect to be in a relatively low or very low tax rate in retirement, i.e. you have little in other income and your RRSP income is so low it barely attracts any taxes.   

JMHO

 

 

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