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Date: 1/1/2009 7:44:12 PM
Author: ScottYVR Country Flag
Subject: 3290/9305 - High yield stocks for TFSA
 
 
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ScottYVR on 1/1/2009 6:44:12 PM

Do get around the withholding tax issue, I invest all foreign stocks in RSP, then CDN in RSP and TFSA.

thinking just buying rio can in the TFSA

tanstaafl on 6/12/2010 10:28:20 AM

You still pay the taxes even though it is in an RRSP. Although Canada does have a tax treaty with the US for an RRSP account to eliminate the withholding tax, but there isn't one for European, etc. And for TFSA"s.

I was advised that the best thing is to buy US etf's for MSCI and hold in an RRSP as well as US stocks. Hold Canadian Dividend stocks in a non registered account and put interest paying(eg FAP, gic's) and reit's in the TFSA. Everyone is different but this does minimize the taxes a bit.
 
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