All Questions
63
questions
1
vote
1
answer
336
views
Why Does My Tax Free Savings Account Say I Have 0 Contribution Room as of 2015?
I am living in Canada, and I recently went to http://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/menu-eng.html and tried to check my TFSA contribution room for this year. I turned 18 on February ...
- 515
0
votes
0
answers
56
views
TFSA withdrawl to make room for options deposit
If I stand to make $30,000 in capital gains on stock options that I hope to cash out in 2 years time, is it better to make room in my TFSA account by withdrawing TFSA funds the year before to make ...
- 227
0
votes
3
answers
5k
views
Option spreads in registered accounts [closed]
Are there any option brokers for canadian people that allow you to do credit and debit spreads in their rrsp and Tfsa accounts?
- 16k
0
votes
1
answer
132
views
Is the interest earned on a TFSA account tax deductible if it is moved to an RRSP
Let us say at the beginning of the year I put 5000 dollars in a TFSA account. I invest that money, get 5% and in December, I move the principal + interest = 5250 $ in my RRSP.
Now, RRSP contributions ...
- 16k
1
vote
1
answer
275
views
Are retirement contributions for temporary workers in Canada mobile?
I am an American citizen about to start a temporary three-year position in Canada. It's possible but unlikely that I will settle in Canada permanently.
Will I be required to contribute to a ...
- 191
4
votes
2
answers
424
views
Investing for Dividend Income with Canadian TFSA
I have a TFSA that I tend to max out every year. I would like to invest this money into stocks that pay me out dividends on a regular basis.
I asked a previous question about the tax implications in ...
- 961
4
votes
1
answer
149
views
Can you point me to the correct US tax forms if I have a Canadian TFSA mutual fund?
I am a Canadian citizen and American permanent resident who invested in a TFSA mutual fund with a Canadian bank. Im looking to be pointed in the right direction for filing American taxes on these ...
- 141
4
votes
4
answers
1k
views
Should I max out my TFSA contribution before any other investments?
I'm still relatively young (I just turned 30), and no debt but mortgage. I'm kind of late to the retirement savings game and still have $15,000+ of contribution room for my TFSA as of this year.
As a ...
- 143
1
vote
1
answer
96
views
Is there a risk I may, eventually, be required to pay taxes on the investment returns from my TFSA?
My TFSA contributions grow, without my having to pay taxes on the growth they experience.
Is this benefit likely to continue indefinitely, or will I at some point be required to pay these taxes?
- 1,659
1
vote
1
answer
242
views
How can a bank offer a higher interest rate for a savings account than for a GIC?
At this link on rates offered by ICICI, the TFSA savings account rate currently being offered is 1.8% but the GIC rate being offered is 1.75%.
But why would anyone put money in a GIC and lock it up ...
- 16k
4
votes
1
answer
216
views
Tax free savings or mutual funds (Canada)
I have an RRSP that over the last two years has held at ~10.3% and I have an emergency fund of $10,000 that is just sitting in my savings account.
Would it be prudent to put that whole $10,000 into a ...
- 265
6
votes
2
answers
288
views
Shelter personal corporation dividends in a TFSA?
As I understand it, it is possible for people who own their own corporation/small business to pay themselves through dividends. Since they own 100% share in the business they receive 100% dividends.
...
- 243
5
votes
1
answer
15k
views
What happens to dividends on stock held in TFSA or RRSP account?
What happens when dividends are paid out on stock held in TFSA or RRSP accounts?
Do the payouts get put back into those same registered accounts?
Are they considered 'contributions' into those ...
- 1,410
3
votes
2
answers
3k
views
TD Waterhouse and USD/CAD conversion in TFSA account, or US money market fund?
I spoke to TD Waterhouse about conversion rates from CAD to USD in my TFSA account.
They suggested if I want to avoid going back and forth with currency conversion, that they can put it into a USD ...
- 31
1
vote
1
answer
195
views
TFSA over-contributions: How would the penalty apply in this scenario?
If my TFSA account is maxed and I want to transfer 5000 shares at $1.00 on August 2nd, 2011, and I was to sell the shares at $2.00 on January 3rd, 2012, would I have to pay tax on the gain plus 1% per ...
- 11