Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Waffling... Selling Stock Options to Finance an RRSP?

Slava · 02-25-2012, 06:20 PM

Depending on your exact situation the decision might already be made. If you plan to start your this by the end of the month you might be too late. Yes, you can open the RRSP and contribute until Wednesday, so no issue there. The problem is you won't be able to sell the stock and get the cash by then. The settlement period would be trade day plus three days, and you would pass the deadline.

As far as the exact advice I would want a better idea of the numbers to give you a good answer. I know it's a public forum, so you probably don't want to post them (I wouldn't either!). Feel free to PM if you want and I can take a look and give you some advice on this though.

I suppose the answer is no, but do you have any capital losses from years past? That would help you out now as well.

02-25-2012, 06:20 PM	#4
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	Depending on your exact situation the decision might already be made. If you plan to start your this by the end of the month you might be too late. Yes, you can open the RRSP and contribute until Wednesday, so no issue there. The problem is you won't be able to sell the stock and get the cash by then. The settlement period would be trade day plus three days, and you would pass the deadline. As far as the exact advice I would want a better idea of the numbers to give you a good answer. I know it's a public forum, so you probably don't want to post them (I wouldn't either!). Feel free to PM if you want and I can take a look and give you some advice on this though. I suppose the answer is no, but do you have any capital losses from years past? That would help you out now as well. Last edited by Slava; 02-25-2012 at 06:22 PM. Reason: Couldn't decide between years past and years passed...still not sure!