InvestorsHub Logo
Followers 36
Posts 3560
Boards Moderated 0
Alias Born 12/11/2009

Re: Fishin' Canuck post# 34666

Monday, 03/29/2010 4:09:25 PM

Monday, March 29, 2010 4:09:25 PM

Post# of 312030
+ the tax free saving account - 5000 per year + whatever you make within the account is tax free.
If one was to put 5000 into a BMO for example and it doubled in price there would be 10,000 available + 5000 for this year + your spouse and children. The tax man gets nothing - currently between my wife and I ( I sold last year in December so i could utilize my full amount with JBII) we have 30,000 available to us that we can protect tax free - no capital gain - nothing - but it has to be off the OTC.