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

To: roymario who wrote (68823)	2/14/2010 1:58:10 PM
From: Rocket Red	Respond to of 78426

Makes sense too pull some out of rrsp even if you pay a little tax cause your going too pay tax on that rrsp at some point in time

To: roymario who wrote (68823)	2/14/2010 2:06:33 PM
From: tyc:>	Read Replies (1) \| Respond to 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.