Q: Another TFSA VS RiF question: I take out the mandated % of my RiF. Does it make sense to take out even more and invest those dollars inside our TFSA's because of the no tax on TFSA withdrawals? Or even take out RSP funds from my wife's account and invest those inside her TFSA?
My logic is - for example SGY - I expect it to grow and provide a nice dividend in the years ahead neither of which would be taxed when/if I withdraw those $ from one of our TFSA's.
Thank you. (What a difference 5i is making the lives of so many people!)
My logic is - for example SGY - I expect it to grow and provide a nice dividend in the years ahead neither of which would be taxed when/if I withdraw those $ from one of our TFSA's.
Thank you. (What a difference 5i is making the lives of so many people!)