Thanks Enjoyer of fried pastry treats. Any investment vehicle suggestions?
:)
Sorry if I misread. Personally I have a fairly low risk tolerance, so would be very hesitant to put Fund 1 or 2 in a registered vehicle. To me, the TFSA and RRSP are purely for long term investment, i.e. retirement in 20+ years. I would use GIC ladders for anything in the 10-15 year range for mortgage or business use.
However... since you're looking at a 15+ year horizon, the TFSA might be a good path to take... I would only use the TFSA for long term, growth-oriented etfs. Anything else like pref share etfs or GIC I would keep in a taxable account.
I too run a small business and track this separately using the technique above. It's hard to say if an RRSP would work for what you want to do, since I'm not really clear on why you would need to invest business income long term into retirement. Depending how much you might need, what your income is before retirement, etc, then this could work... i.e. if you don't have too high an income and would need to withdraw <$5k. Otherwise I would avoid putting myself in the position when I need to withdraw from the RRSP before retirement.