Some People's Trust, TFSA related investing questions
Is there any drawbacks of using People's Trust for a TFSA? This is assuming you are not yet ready to enter into any more hands on investments, and just want somewhere to safe to put money?
I believe People's Trust has no TFSA transfer out fees?
For example if I do more research over the next few months and year, I have the complete flexibility to move over to something like Questrade and self direct?
Also if one were to opt for an investment portfolio not entirely in equities, let's say 50/50 equity and income split, from a taxation stand point I'm assuming that it'd be beneficial to have as much of the income portion within your TFSA as possible? Since the tax hit from capital gains on equity is less?
You can recontribute any amount you withdraw from your TFSA the following year? (essentially the amount you withdraw is added to your contribution limit? so any gains are accounted for?)
I believe People's Trust has no TFSA transfer out fees?
For example if I do more research over the next few months and year, I have the complete flexibility to move over to something like Questrade and self direct?
Also if one were to opt for an investment portfolio not entirely in equities, let's say 50/50 equity and income split, from a taxation stand point I'm assuming that it'd be beneficial to have as much of the income portion within your TFSA as possible? Since the tax hit from capital gains on equity is less?
You can recontribute any amount you withdraw from your TFSA the following year? (essentially the amount you withdraw is added to your contribution limit? so any gains are accounted for?)