Most of my shares are in an RRSP now so I will not have to worry about taxes when she hits $5 bucks Friday (lol)...Rookie, things to consider about your move into your RRSP, yes you get your initial tax deduction for the amount of capital you were allowed to apply in your RRSP, but also consider here, # 1 , you can not claim losses or gains in your RRSP going forward. #2, cash with drawen from your RRSP you pay 10 % tax on amounts under $ 5,000 and more depending on amount of capitlal you with draw so this becomes income which is added to your total income for the yr which may be more then the 25 % tax on capital gains. #3, You cannot margin San in your RRSP as in your margin account if San has strong legs between $ 3, and $ 5 you would lose alot of potential capital..PS" your TFSA is we"er one should first top up and use as a trading account because of no tax implications but again looses or gains don"t apply in a TFSA..Traps7
