Assuming your RRSP is maxed out, there is one overarching principle to keep in mind when deciding where to hold securities, says Matthew Ardrey, vice-president at Toronto - based
wealth management firm T.E. Wealth: «Place the asset class that generates the most tax - efficient income in the non-registered account first, due to the dividend tax credit and capital gains treatment.&
wealth management firm T.E.
Wealth: «Place the asset class that generates the most tax - efficient income in the non-registered account first, due to the dividend tax credit and capital gains treatment.&
Wealth: «Place the asset class that
generates the most tax - efficient income in the non-registered account
first, due to the dividend tax credit and capital gains treatment.»
Whether it is
generating retirement income, transferring
wealth to future generations or leaving a charitable legacy, your goals come
first in developing an investment strategy.
«We realized most
first nations don't have access to the tools and experts they really need to not only analyze, select and manage their business and investment opportunities — they really need to take steps forward to
generate own - source revenues and really put a plan in place to build community
wealth,» she says.