Re: Re TFSA

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PrairieGirl

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Re: Re TFSA

in response to

Re TFSA

Tweetybird

posted on Jul 13, 2011 08:49AM

Tweetybird, all types of growth within a TFSA are not taxable. So regardless what the SP goes to or if dividends are paid, any growth derived from these funds will not be taxed. Pretty good deal hey ?! Especially with the potential we have here. Now on the flip side, you can't claim a capital loss within a TFSA, it mimics an RRSP in that way. In no way am I suggesting that IMO you need to be concerned about that here, just explaining how a TFSA works. Hope that helps