Re: my last move....

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Reply New Message

Prev Message Back To Forum Threaded View Next Message

poetic-justice

Rank: Mail Room [?]

Points: 27 [?]

Votes: 13 Score: 1.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: my last move....

in response to

Re: my last move....

turr

posted on Jan 21, 2021 02:28AM

I always struggle to figure out if it is better to cash out my Poet holdings from my RRSP, take the tax hit and then put it into my TFSA to enjoy future tax-free gains.

They would be taxed at the highest rate, so doing so would result in fewer shares enjoying the potentially large growth, but it would all be tax-free. Quickly playing with some numbers, it always seems to be a bit of a wash.