Re: Sambone, yuo are correct regarding RRSP's
posted on
Apr 06, 2008 10:21AM
Hey Sum4All......good reply and point.....I agree that as long as you don't sell in your cash account, you have no capital gains yet....therefore no tax is due. Your point....and I quote...."The more money you have free from taxation while you trade, the more you can make.", is a great point, and this is exactly what I am doing. The majority of my Mcfaulds Lake stocks are in RRSP....which I trade with no taxation(until withdrawn years from now). I will be moving some SPQ and FWR into my RRSP(as I have room) on Monday....both are lower share price than what I bought at....so they are both better situated in RRSP........thanks for your thoughts...cheers....sambone