Re: Share Retainment
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by
posted on
Mar 09, 2022 12:09PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Have seen this question a few times on this board. Been a financial advisor for over 40 years and will tell you that I am choosing the TFSA not RRSP for retention and here is why. Assumption here is that shares are presently held in an RRSP and a TFSA and the share price on a go forward basis will increase in value which I think we all expect.
RRSPs are TAX DEFERRING vehicles that provide a tax reduction in the the year of deposit and asset value accumulation without any tax reporting regardless of type of investment UNTIL the funds are removed. No taxable gains, no dividend reporting, no interest reporting.
TFSAs are TAX FREE vehicles that do not provide a tax reduction in the year of deposit and provide asset accumulation without any tax reporting regardless of type of investment even when funds are removed. No taxable gains, no dividend reporting, no interest reporting.
So, imo it is better to have an existing accumulating value investment in an existing TFSA rather than an existing RRSP. Pretty much comes down to taxes.
Disclaimer, this is an opinion and should not be taken as financial advice. You can find all this information easily available by googling "Difference between RRSPs and TFSAs" or contacting your adviser or your bank for that matter where you hold your accounts.
Hope this helps. Good luck to all.