Robb — I am in a very similar situation, I have quite
a bit of contribution room in my RRSP (same with my wife), so my focus is on that right now and then I'll deal with the TFSAs.
Not exact matches
Here's where it gets a
bit tricky — because you have already made a «
contribution»
of $ 4000 you only have $ 1000
of «
contribution»
room left for the calendar year
of 2011.
Hi Stevo, a DB pension comes down to just being a factor in that last step (granted, a
bit of a complicated one): you're going to have a higher baseline
of future earnings and associated tax rate from the DB pension (plus less RRSP
contribution room), which is going to nudge you closer to prioritizing your TFSA.
Despite the size
of his portfolio, Alain still has quite a
bit of unused
contribution room available to him.