Author Topic: I have maxed out my TFSA and RRIF  (Read 1272 times)

BrandonP

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I have maxed out my TFSA and RRIF
« on: August 02, 2015, 06:59:03 PM »
Now what!

A cash account?

forummm

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Re: I have maxed out my TFSA and RRIF
« Reply #1 on: August 02, 2015, 07:26:15 PM »
Buy low-cost mutual funds or ETFs in a taxable account :)

nobodyspecial

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Re: I have maxed out my TFSA and RRIF
« Reply #2 on: August 03, 2015, 05:37:43 PM »
Remember you can buy canadian $ versions of almost all Vanguard ETFs, capital gains from stock are taxed less than interest

K-ice

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Re: I have maxed out my TFSA and RRIF
« Reply #3 on: August 03, 2015, 05:58:19 PM »


Oh no, MMM problems ;)

I would say just keep going!!

But once those are maxed out pay attention to asset location.

Canadian dividends are one of the best things to keep in non-registered accounts.
But these articles explain it better than me.


http://www.moneysense.ca/taxes/making-smarter-asset-location-decisions

http://canadiancouchpotato.com/2010/03/05/put-your-assets-in-their-place/





lostamonkey

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Re: I have maxed out my TFSA and RRIF
« Reply #4 on: August 06, 2015, 10:39:15 PM »
It's time for a cash/taxable account.