This it not professional advice, just an opinion. Others may not agree with me, and they could be right.
If I was in a situation like yours, I myself would pay the Tax, put everything I could into my TFSA and leave the RSP contribution alone.
If you're worried about not being diversified, I would sell your options, and purchase another investment in your TFSA.
If you cannot afford the tax, sell your options, pay your tax, diversify into another investment.
Since the introduction of the TFSA, I find it a better investment vehicle that the RSP.
Pay the tax now,
grow your investment,
cash out when you need it Tax Free.
As oppose to the RSP,
where you get your tax credits now,
grow your investment,
wait until you retire,
cash out,
pay the future tax rate at that time.
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