All Questions
15
questions
1
vote
1
answer
112
views
What account to draw from for a first-time home buyer? (Canada)
Assuming I need 35K for a downpayment and I have 50K in an RRSP 50k in a TFSA and 20k in a non-registered account— which account is it best to draw from? My assumption is that cleaning out the non-...
- 2,592
5
votes
0
answers
99
views
I'm a Canadian citizen and now a US resident. How do I close my Canadian RRSP and TFSA?
I am a Canadian citizen who moved to the US in 2009. I am now a US resident and Canadian non-resident. I still have a Canadian RRSP, TFSA, and bank account. I've filed FBARs since becoming a US ...
- 51
2
votes
0
answers
33
views
Can I hold US dollars and buy US stocks (with US Dollars) without FX commissions using a Canadian brokerage account?
May be moving to Canada next month, so I had some questions.
I would like to transfer my US dollars to a Canadian brokerage account -- from what I've read IB or Questrade are the best options.
However,...
- 475
2
votes
1
answer
2k
views
When would holding U.S. stocks in a non-registered account be better than in a TFSA?
Assume your RRSP is full, and you must buy U.S. stock in TFSA or in an unregistered [aka non-registered] account. The default answer seems to be TFSA!
If you have an RRSP, a TFSA and a non-...
user40269
2
votes
1
answer
330
views
Asset Allocation between TFSA vs RRSP
I have 60K in my TFSA and 15K in my RRSP. Both accounts are maxed out.
I want to go with the basic balanced couch potato portfolio: XAW: 40%, VCN: 20%, ZAG: 40%.
I've heard that putting stocks in ...
- 121
1
vote
2
answers
112
views
What are the consequences of transferring US equities from TFSA to RRSP?
I plan on transferring stocks owned in my TFSA to my RRSP as part of my 2015 RRSP contributions.
However, I do own some US stocks in my TFSA. When I transfer those stocks, are there any tax ...
- 113
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
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
1
vote
1
answer
3k
views
What is a "Registered" plan, as in, what does "registered" specifically mean, in the context of an RRSP?
What is the meaning of the "Registered" part in "Registered Retirement Savings Plan"? What is an example of an unregistered savings plan?
- 16k
3
votes
2
answers
407
views
How can I determine which is right for me, RRSP or TFSA, if any at all?
I'm 22 years old, and currently dumping all my money into my general savings account. I'd like to take this further but I'm not sure where to go with this. What type of savings account should I get ...
user2987
6
votes
2
answers
459
views
What is a good place to park a Christmas bonus? Pay down the mortgage, TFSA or RRSP?
Many companies in Canada tend to pay out bonuses around Christmas time. If one is fortunate enough to get one this year what is the best strategy for the bonus? TFSA's have a limit of $5000 yearly. ...
- 6,230
11
votes
2
answers
929
views
TFSA vs. RRSP... Best retirement approach
What's the best retirement strategy? Assuming I have $1000 and room in both my TFSA and RRSP contribution, where should the $1000 go?
- 429
8
votes
3
answers
377
views
Which account should I put my money to get the most tax benefit?
I have $5,000 that I would like to put in to an investment account. To get the maximum tax benefit, should I put it in my RRSP, my child's RESP, or my TFSA account? I have enough room in each of these,...
- 1,145