Re: TFSA's, RRSP's, and POET

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Green88

Rank: Vice President [?]

Points: 2219 [?]

Votes: 110 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: TFSA's, RRSP's, and POET

in response to

Re: TFSA's, RRSP's, and POET

bluecollar

posted on Feb 28, 2016 06:56PM

I had the same feelings to contend with while selling to cover the tax in "trying" to transfer from my Locked-in RRSP. My solace lay in the simple math I did to figure out how much PTK would have to appreciate in the TFSA to replace the shares lost. Much less than you might think. Well worth the loss to transfer. I turn 40 this year which is another reason I'd rather transfer the shares out of my locked-in accounts. If I have to wait until my age allows me to access them, that's a lot of time to wait and subsequently a lot of tax deducted of my investment.