TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Level 2s

Alvar..

Don't forget to mention..

If you buy a stock for $1.00 ,non registered..and you use the stock for a RRSP contribution ...

If it goes up....The capital gains is taxable ,as it is deemed to be sold going into the RRSP.....

If you have a capital loss,going into the RRSP ,the capital loss is not deductible..

So you are better off to sell the stock outside..take the capital loss outside and then contribute the cash to the RRSP..

My .02 worth..I'm not an accountant..

D-D-Don't Taz me..!!

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