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darklord700 · 02-19-2014, 03:23 PM

I have a RRSP and a TFSA account and I have stocks in both of them. I focus on dividend paying stocks, Royal Bank, BCE etc. Naturally, the dividend tax credits are lost for stocks held inside RRSP. So how can I avoid that?

I won’t have money left over to invest in a non-registered account after maxing out my RRSP, TFSA, RESP and paying down my mortgage and car loan.

I already hold only stocks in TFSA and since the TFSA balance is much smaller than RRSP, I can’t load up TFSA with stocks anymore.

I don’t want to invest in low paying GIC only in my RRSP and I want to keep aggressively investing in high quality dividend paying stocks for growth.

My only conclusion is to enjoy the capital appreciation of the stocks inside my RRSP and forget about the loss of dividend tax credits. Do you think there’re other ways to improve my aggressive investment strategy? Thanks.

02-19-2014, 03:23 PM	#1
darklord700 First Line Centre Join Date: Oct 2009 Exp:	RRSP Question I have a RRSP and a TFSA account and I have stocks in both of them. I focus on dividend paying stocks, Royal Bank, BCE etc. Naturally, the dividend tax credits are lost for stocks held inside RRSP. So how can I avoid that? I won’t have money left over to invest in a non-registered account after maxing out my RRSP, TFSA, RESP and paying down my mortgage and car loan. I already hold only stocks in TFSA and since the TFSA balance is much smaller than RRSP, I can’t load up TFSA with stocks anymore. I don’t want to invest in low paying GIC only in my RRSP and I want to keep aggressively investing in high quality dividend paying stocks for growth. My only conclusion is to enjoy the capital appreciation of the stocks inside my RRSP and forget about the loss of dividend tax credits. Do you think there’re other ways to improve my aggressive investment strategy? Thanks.