Q: We hold both in cash accounts and need to put one or both (total $14k) into two TSFAs. All tax implications being equal ,which one or a combination of both do you recommend taking from taxable cash accounts and putting into TSFAs?
Happy New year ,and thanks for all your hard work.
Philip
Happy New year ,and thanks for all your hard work.
Philip
5i Research Answer:
We would side with EMA in the TFSA. It shelters the higher dividend and while WFG might see more capital appreciation in the right environment, over the long-term, the return profile in EMA is likley to be more consistent and in turn having those potential gains also sheltered.