I am in the process of moving our investments from Tangerine to Questrade (VAB 25%, VXC 50%, VCN 25%). We have a relatively small amount in our RRSPs as most of our room is eaten up by pension adjustments. We could add around 2k each per year to our RRSPs, along with regular TFSA contributions (5.5k each a year, plus extra because we are catching up on our contributions). RRSPs will contain VAB and VXC, and TFSA will contain VXC and VCN.
My plan is to rebalance VXC and VCN as I buy for our TFSAs throughout the year. Since I don’t want to buy VAB in the TFSA, my only opportunity to buy it is the once yearly RRSP contribution of around 2k for each of us. I assume this will not be enough, and will leave me with less than 25% bonds for most of the year.
Would it be correct to just let my bond allocation be off for most of the year, and then just sell VXC and buy VAB in our RRSPs once a year to rebalance to the proper allocations? Is yearly sufficient, or should it be done more often? I suppose if it really got out of whack (like10% off) I could fix the allocation more often.
Glad I don’t have any non-registered investments yet, or this could get even more complicated!