Sentences with phrase «be in a lower tax bracket anyway»

You're in a lower tax bracket anyway.

Not exact matches

On the other hand, if you're in a low tax - bracket, your first choice should be your TFSA, since you're not paying much in tax anyway and don't benefit as much from the RRSP tax rebate.

You could get the one - time benefit of pulling money out at a low rate, but then you're going to have non-registered investments that grow more slowly due to the tax drag than registered ones — and if you expect to be in a low bracket at retirement anyway (or for several more years as your disability takes time to resolve), then taking the money out early is of no real benefit to you.

But those gains would have been taxed at 0 % anyway because you stayed in the lowest two income brackets where dividends and capital gains are not taxed.