Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (68742)	2/14/2010 1:45:04 PM
From: roymario	Read Replies (3) of 78426

Tyc, the 2nd part about withdrawing from an RRSP, I am not so sure I agree with you. It will cost you cash in the form of tax. If you have investments in a non registered account that currently attracts tax on profits you might discuss with your agent transferring some of those investments directly into a TSFA account. This saves the extra cash injection. The transfer value will be the market price that day (probably the morning price) (have not done it myself, it may take some paperwork and admin hastle). If one were to do that you may consider a vehicle you still like alot for potential but one that has no gain currently. The reason is, as you transfer the investment into the TSFA, you would need to determine your gain/loss and report it that year on your return. Still I agree with Marcos investments in the TSFA should be high probability gains :O) (let me know those) as losses are of no value for tax purposes. R.

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