Comments on: Couch Potato Basics, Part 5: Tax Efficiency http://canadiancouchpotato.com/2010/01/22/couch-potato-basics-part-5-tax-efficiency/?utm_source=rss&utm_medium=rss&utm_campaign=couch-potato-basics-part-5-tax-efficiency Your guide to the investment strategy that will help you earn more and sleep better. Thu, 09 Sep 2010 02:54:13 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Canadian Couch Potato http://canadiancouchpotato.com/2010/01/22/couch-potato-basics-part-5-tax-efficiency/comment-page-1/#comment-172 Canadian Couch Potato Mon, 25 Jan 2010 13:48:31 +0000 http://canadiancouchpotato.com/?p=459#comment-172 Thanks for the question. Having your investments in an RRSP saves you from paying taxes, but not MERs. Moving your RRSP assets to TD e-Series funds will certainly reduce your costs. You cannot transfer money from your RRSP to your TFSA without paying income tax on it. You can do it the other way around, however: you'll just lose the TFSA contribution room until next year. If you're confused, you may want to work with a TD advisor to make sure you set up your accounts properly. Thanks for the question. Having your investments in an RRSP saves you from paying taxes, but not MERs. Moving your RRSP assets to TD e-Series funds will certainly reduce your costs.

You cannot transfer money from your RRSP to your TFSA without paying income tax on it. You can do it the other way around, however: you’ll just lose the TFSA contribution room until next year. If you’re confused, you may want to work with a TD advisor to make sure you set up your accounts properly.

]]> By: L. Hall http://canadiancouchpotato.com/2010/01/22/couch-potato-basics-part-5-tax-efficiency/comment-page-1/#comment-171 L. Hall Sat, 23 Jan 2010 18:17:56 +0000 http://canadiancouchpotato.com/?p=459#comment-171 I am new to investing so my question may sound simple. If my investments are in a RRSP (down about 40%)then I don't need to worry about high MERs and therefore don't need to move my money into index mutual funds like TD e-series funds. Is this correct? I currently also have a TD TFSA where I am investing in the e-series fund so could transfer money over if it would be to my benefit. Any comments on this would be appreciated. I am enjoying reading about the Couch Potato Portfolio so keep up the great work. I am new to investing so my question may sound simple. If my investments are in a RRSP (down about 40%)then I don’t need to worry about high MERs and therefore don’t need to move my money into index mutual funds like TD e-series funds. Is this correct? I currently also have a TD TFSA where I am investing in the e-series fund so could transfer money over if it would be to my benefit. Any comments on this would be appreciated. I am enjoying reading about the Couch Potato Portfolio so keep up the great work.

]]> By: Preet Banerjee http://canadiancouchpotato.com/2010/01/22/couch-potato-basics-part-5-tax-efficiency/comment-page-1/#comment-170 Preet Banerjee Fri, 22 Jan 2010 21:47:45 +0000 http://canadiancouchpotato.com/?p=459#comment-170 Thanks for the mention in your post Dan! Great series. Thanks for the mention in your post Dan! Great series.

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