GRT.UN TFSA or RRSP

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Greetings oh wise ones… I am new too investing and wondered if there is a difference in having a REIT like GRT.UN from your foundation picks in an TFSA or RRSP. Is there a difference, or advantage of one over the other. I heard REITs are treated differently than stocks or ETFs.

Thank you

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Asked on January 3, 2021 4:29 pm
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Hi there,

Since Granite is headquartered in Canada, there is no tax implications for holding Granite in either your TFSA or RRSP. The major difference is when it is held in a non-registered account. There are advantages between the TFSA and RRSP depending on your tax situation, but that has nothing to do with GRT.UN specifically. Bottom line - distributions are tax free in either the TFSA or RRSP.

Mat

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Posted by Mathieu Litalien
Answered on January 4, 2021 4:30 am
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