Most Shares are recommended for RRSP or TFSA

Hi Dan/Mat,

When I see the reports of your Growth/Dividend listed stocks, it always indicates either to buy in RRSP/TFSA account.

My question is, if my TFSA/RRSP limits have exhausted then which account I should but these shares if I still would like to invest more money?
I’m aware that I can always buy in CAD Cash (margin) account but not sure if that attracts any addition risk/challenges to buy in Cash account?

Appreciate your explanation to clarify this point to avoid any risk I might have due to adding stocks in margin account on the top of RRSP/TFSA limits.

One more thing I have noticed that when you answer any NEW question and subsequently if any additional query is added to the same trail, seems it doesn’t alert you guys and get’s unattended…not sure what’s the reason. Else you guys are really prompt in addressing the NEW questions…keep it up.

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Asked on December 18, 2020 7:34 am

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Private answer

Hey Shail, in terms of the questions yes, it's an issue and we are trying to fix it. Sometimes it doesn't alert us of a response to an older question, so the only way we notice it is if we see that it has popped up to the top. If you've noticed a reply to a question hasn't been addressed after a day or two, simply repost it.

In terms of the TFSA/RRSP, once that's exhausted you really don't have much choice other than to invest in a taxable account like a margin account. Taxable accounts obviously have the disadvantage of its dividends and capital gains being taxed, but they also have the advantage of being able to file capital losses if an investment goes bad, something that you can't do in a registered account.

One good thing however, capital gains and dividend income are taxed very favorably.

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Posted by Dan Kent

Answered on December 18, 2020 7:51 am

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