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: roymario who wrote (68823)	2/14/2010 2:06:33 PM
From: tyc:>	Read Replies (1) of 78426

I'm not sure I understand your point. My point is simply that funds in an RRSP or RRIF (eventually) attract tax as income. If you expect future gains, surely it is better to transfer the funds to a tax-free account as early as possible, (even if this means withdrawing more than the prescribed minimum from your RRIF) Moreover, because funds in an RRSP (eventually) attract tax as income, losses in an RRSP are fully deducted from taxable income. I'd rather suffer losses in my RRIF than in my margin account, where only 50% is deducted from taxable income. If I am wrong please pl say so, and I shall think again.

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