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Hey guys, I have a RRSP and TFSA set up with Canada Life in segregated funds. This is something I’ve had set up since I was a teen. Currently my TFSA is maxed and I contribute enough to my RRSP each year to get the maximum benefit come tax time. Naturally, I decided to get into investing in stocks as those two were maxed out, so I opened up a cash account. My cash account now sits at about 30% my total investments (RRSP/TFSA/Cash account). I never really thought of the tax implications at the time as I was just getting my feet wet, but now that tax season is coming up I’m starting to wonder why I even opened a cash account in the first place. I don’t need access to any of this money until retirement so even though I wouldn’t reap the benefits of lowering my tax bracket as I already have it maxed, would it not be a lot better to grow this money tax free and not need to worry about capital gains till I’m retired? If so, is there any way of transferring all my holdings from a cash account to a RRSP?
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