foiled
New Member
Joined: Mar 15, 2012 23:38:00 GMT -5
Posts: 17
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Post by foiled on Apr 25, 2014 17:55:49 GMT -5
Well I am not sure I have even an hour to watch a single stock, so no short term trading for me!
Ahamburger- Thanks for the link! The author lays everything out clearly-
US dividend stocks- RRSP
Canadian dividend and other stocks- RRSP, RESP, TFSA or non registered
Fixed income- TFSA or RRSP
US growth- TFSA (or RRSP)
I supposed the 15% withholding on US dividends applies to mutual find holdings too. I have a US large cap fund within an RESP (as part of one of those Target date) that is likely being withheld.
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
Posts: 12,758
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Post by Aman A.K.A. Ahamburger on Apr 25, 2014 23:28:40 GMT -5
NP foiled. The 15% would apply to MF as well, yes. This is why I decided to leave the kids RESP strictly in Canadian holdings. I also didnt want to worry about any currency issues that could possibly arise. I always forget that we probably have unforseen expenses on our mind more than most.(DW and I have 4 kids) This is why we go with the TFSA first. I would rather pay 15% now, than have to worry about the insane taxes would could potentially face if we have to take monies from the RRSP account.
As general rules go, I would say the author did a great job explaining the situation.
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