Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Re: Just Wondering...

Noront Resources

almost 15 years ago

in response to brattymack's message

What you have suggested - and on a forum for people who trade stocks on a regular basis - is that if used properly this TFSA is the greatest tax saving tool in our lifetimes. Correct?

Yes, Brat, that is correct. I have already instructed my children (16 and 18 years of age) on the utility of this investment vehicle. It should be used to shelter your most taxable investments. Probably going to be capital gains, as dividends and interest seldom work out to the same percentage returns that capital gains can achieve. The only kicker is choosing those capital gainers ahead of time.

I was in my bank a few weeks back, getting a net worth statement to take with me on that business/pleasure trip I was recently on, when the bank manager did a double-take on the value of my TFSA. She said, "Is that a mistake?" I assured her that it wasn't. Then she asked me if it was illegal. I kid you not. I replied that I had not exceeded the contribution limit of $5000. I had simply managed that investment to yield far more than that. That's when the little light bulb went on for her. She mentioned that she had many clients holding GICs at 1.8% in theirs. Wow, gonna shelter $90 from the taxman with that strategy. Ya know?

Lar