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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Jaakko who wrote (68770)	1/27/2010 1:35:17 PM
From: tyc:>	Respond to of 78426

>>"RRIF, you should stay within your minimum and maximum amount specified for your plan for the year when you do it". Surely there is no maximum amount to be withdrawn from the RIFF. The government stipulates the MINIMUM amount that must be withdrawn, and when this amount is withdrawn (in cash or in stocks) the trustee does not withhold the tax for it. My trustee allows me to withdraw in stocks, transferring the stocks directly to my TFSA to the allowed maximum. The value of the withdrawal will be added to my taxable income, just as it always has been. I am thinking of taking advantage of present low stock prices to reduce the eventual tax-bite by withdrawing more than the minimum this year. However the allowed TFSA maximum has been made. (Will withdraw some from TFSA this year to allow more-than-minimum withdrawal next year... God willing ! LOL)