Collection of links and short descriptions to interesting webpages and websites, especially free softwares, life experiences, and ideas, etc; Also share my experiences of using open source or free productivity softwares, experiences of life and career, thoughts and ideas, etc. You can find Categories and Achives at the bottom of this page.

Sunday, July 5, 2009

How investment tax works

http://www.milliondollarjourney.com/how-investing-taxes-work-part-1.htm

The advices only work for Canada.

"The 50% inclusion rate is a reason why most financial gurus suggest that you keep investments for the purposes of capital appreciation/gain outside of your RRSP. "

"This is why you’ll read some tax strategies to sell your losing stocks at the end of the year. The losing amount will be deducted from your total winning amount and reduce your overall taxes."

"it simply means that if you sell a stock at a loss, you can’t repurchase the shares back again within 30 days and claim the loss against your gains. "

"Dividend’s received from Canadian public corporations are tax preferred, so you should consider keeping these dividends outside your RRSP."

"Interest income should be kept inside an RRSP b/c of it’s high taxation."






Share/Save/Bookmark

No comments:

Post a Comment

Pageview Counter

Welcome to Subscribing by popular RSS readers or Email

by clicking on either one of the 2 buttons below,

Subscribe

Blog Archive

New Posts

Justcollection Search (A new window will open)