Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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Message: Researching Gold/Silver Mining Companies

I understand that if you have unregistered money that it is the preffered investment method because of our lax capital gains tax laws, however, if you have registered money , which I had ,I though it better invested in SLI than to sit there in my mutual fund in which I lost my butt on a while back. One thing I didnt see mentioned in that article on tax laws was the fact that with rsp money , you get to retain all of the money that you get for the sale of shares in your RSP account (no taxes taken off). You now have 100% of your share money to draw off of as opposed to losing 19% tax at the end of the first fiscal year. Once you are drawing interest money, it doesnt matter wether its registered or not, you pay the same tax. This works fine if you dont need to spend any of your principle right away. It's the end product that is undesirable. Eventually you will need to take it out of RSP and that becomes painful. However if the total is high enough and Sli is very kind to us, then I guess it wouldnt matter as much

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