RRSP Archives - Page 3 of 3 - The Dividend Ninja

Max Out Your TFSA, and Forget the RRSP!

With RRSP season approaching, and the chaotic frenzy that ensues in January and February, I thought I would jump to the front of the queue and get the RRSP ball rolling for 2011. The premise of this article is that everyone should max out their TFSA’s first, and then consider whether they need to contribute to an RRSP. Both investment vehicles grow tax free. The main advantage of the TFSA over the RRSP is you don’t have to pay taxes on the amounts you withdraw. Conventional Wisdom Conventional wisdom says to make the maximum contribution you are able to …

Three US Stocks for your RRSP

by Dividend Ninja

US Stocks do not receive the dividend tax credit, and US dividend income is fully taxed unregistered or in a TFSA. So holding US Stocks inside your RRSP makes good sense. Some of the big US blue chips also pay reasonable dividends of 3.00% or more, are deemed safer than the US Dollar, and raise their dividends annually. In addition the dividend yield on these blue chips is higher than the current rate for GIC’s and government bonds. I’ve picked three of the Dividend Cadillacs for US Stocks. You’re not going to get a huge capital gain on these companies, …