Quote:
Originally Posted by Table 5
Thanks everyone, appreciate the insight. I wasn't even really thinking about the CRA angle, but that's definitely something to keep in mind (even though things would still be well within the rules).
Opendoor, I wish we were talking about a $500K gain, ha. Definitely not at that level, but I agree there are some long term implications of reducing the capital invested due to the earlier tax payment. I think my timeline would be not quite that long (more like 2-3 years, which in todays environment can feel like a long-term investment!), but definitely still something to calculate out.
|
Another facet that might tilt it heavily in favor of crystalizing is the CDA account.
After mulling things over a little bit, forget what the CRA might or might not do. I can't imagine they could do something to taxpayers crystalizing gains prior to the rule kicking in without a sudden full on revolt and demand for tax reform.
My apologies for letting my annoyances and frustrations get the point of going a little chicken little in the previous post.