TFSA and RRSP Portfolios

 

Liquid’s TFSA and RRSP Accounts

Here you can see what kind of investments I hold in my Tax Free Savings Accounts and Registered Retirement Savings Plan. 

Here are the TFSA contribution limits by year.

  • 2009 – $5,000
  • 2010 – $5,000
  • 2011 – $5,000
  • 2012 – $5,000
  • 2013 – $5,500
  • 2014 – $5,500
  • 2015 – $10,000
  • 2016 – $5,500
  • 2017 – $5,500
  • Total = $52,000 contribution room

 

 

Investment vehicle allocation tips:

  • TFSAs are generally good for investing in Bonds, GICs, High interest savings accounts (HISAs), Real Estate Investment Trusts (REITs), and Canadian growth stocks, such as aggressive retail chains and mining/resource companies.
  • Canadian dividend paying stocks already receive a dividend tax credit and will not significantly benefit from a tax shelter so they should be invested outside of TFSAs and RRSPs.
  • U.S. stocks, especially dividend paying ones, are generally best placed in an RRSP. Thanks to the tax treaty between Canada and the U.S. dividend distribution from a U.S. company will not face withholding tax in a Canadian RRSP.

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